Posted: August 19th, 2022

ACCOUNTING BACKGROUND REQUIRED PRICE IS Negotiable Required On the next ta

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ACCOUNTING BACKGROUND REQUIRED PRICE IS Negotiable Required On the next tab – The Financial Statement Template, complete the
income statement, the statement of
owner’s equity and the classified balance sheet by filling in the empty blue
squares. The information needed to
complete the financial statements is in the Adjusted Trial Balance
below. Be sure to note the Additional
Transactions to the right of the Adjusted Trial Balance. Tybalt Construction
Adjusted Trial Balance
December 31, 2017 Additional transactions No. Account Title Debit Credit Tybalt invested $5,000 cash in
the business during year 2017 (the December 31, 2016, credit balance of the
O. Tybalt, Capital account was $121,400). Tybalt Construction is required to
make a $7,000 payment on its long-term notes payable during 2018. 101 Cash $ 5,000.00 104 Short-term investments 23,000 126 Supplies 8,100 128 Prepaid insurance 7,000 167 Equipment 40,000 168 Accumulated
depreciation—Equipment $ 20,000.00 173 Building 150,000 174 Accumulated
depreciation—Building 50,000 183 Land 55,000 201 Accounts payable 16,500 203 Interest payable 2,500 208 Rent payable 3,500 210 Wages payable 2,500 213 Property taxes payable 900 233 Unearned professional fees 7,500 251 Long-term notes payable 67,000 301 O. Tybalt, Capital 126,400 302 O. Tybalt, Withdrawals 13,000 401 Professional fees earned 97,000 406 Rent earned 14,000 407 Dividends earned 2,000 409 Interest earned 2,100 606 Depreciation expense—Building 11,000 612 Depreciation expense—Equipment 6,000 623 Wages expense 32,000 633 Interest expense 5,100 637 Insurance expense 10,000 640 Rent expense 13,400 652 Supplies expense 7,400 682 Postage expense 4,200 683 Property taxes expense 5,000 684 Repairs expense 8,900 688 Telephone expense 3,200 690 Utilities expense 4,600.00 Totals $411,900.00 $411,900.00

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