Answered Essay: Score: 0 of 4 pts E4-26 (similar to) San Jose Veterinary Hospital completed the following worksheet as of December 31, 2018 (Click the icon to v

Score: 0 of 4 pts E4-26 (similar to) San Jose Veterinary Hospital completed the following worksheet as of December 31, 2018 (Click the icon to view the partial worksheet) Complete the worksheet by preparing the Income Statement and Balance Sheet columns. Be sure to calculate the total debits and credits in each step. San Jose Veterinary Hospital Worksheet December 31, 2018 Adjusted Trial Balance Statement Debit S 25,600 Cash Accounts Receivable Office Supplies 10.500 1.125 Enter any number in the edit fields and then click Check Answer Clear All remaining
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Score: 0 of 4 pts E4-26 (similar to) San Jose Veterinary Hospital completed the following worksheet as of December 31, 2018 (Click the icon to view the partial worksheet) Complete the worksheet by preparing the Income Statement and Balance Sheet columns. Be sure to calculate the total debits and credits in each step. San Jose Veterinary Hospital Worksheet December 31, 2018 Adjusted Trial Balance Statement Debit S 25,600 Cash Accounts Receivable Office Supplies 10.500 1.125 Enter any number in the edit fields and then click Check Answer Clear All remaining

Expert Answer

 

BAGLEY CONSULTING COMPANY
Work sheet for the year ended December 31, 2018
Account Adjusted Trial Balance Income statement Balance sheet
Debit Credit Debit Credit Debit Credit
Cash 25600 25600
Accounts Receivable 10500 10500
Office supplies 1125 1125
Prepiad rent 3350 3350
Equipment * 29000 27400
Accumulated depreciation – equipment 1600
Acounts payable 5000 5000
Utilities payable 230 230
Salaries payable 875 875
Unearned Revenue 8000 8000
Common Stock 32000 32000
Retained earnings ** 48370 21870
Dividends 25000
Service Revenue 43800 43800
Rent expense 22650 22650
Salaries expense 11875 11875
Supplies expense 175 175
Utilities payable 9000 9000
Deprecation expense 1600 1600
Net Income 1500
139875 139875 45300 45300 67975 67975
Notes :
    *    In the balace sheet Equipment is shown net of acumulated depreciation. i.e., 29,000 -1,600 = 27,400
    ** Retained earnings will be shiwn after dueducting dividend paid and the net loss for the year
                =48,370-25000-1,500=21,870
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