The balance sheet debit column of the work sheet for Empanada Supreme includes the following… 1 answer below »
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The balance sheet debit column of the work sheet for Empanada Supreme includes the following accounts: Prepaid Insurance $4,600; Cash $24,080; Supplies $6,200; Short-term Investments $7,240; and Accounts Receivable $15,670. Prepare the current assets section of the balance sheet, listing the accounts in proper sequence.CAJUN COMPANY
Work Sheet (partial)
For the Month Ended April 30, 2008
Adjusted Trial Balance
Income Statement
Balance Sheet
Account Titles
Dr.
Cr.
Dr.
Cr.
Dr.
Cr.
Cash
14,752
Accounts Receivable
7,840
Prepaid Rent
2,280
Equipment
23,050
Accumulated Depreciation
4,921
Notes Payable
5,700
Accounts Payable
5,972
Common Stock
25,000
Retained Earnings
8,960
Dividends
3,650
Service Revenue
12,590
Salaries Expense
9,840
Rent Expense
760
Depreciation Expense
671
Interest Expense
57
Interest Payable
57
Totals
62,900
62,900
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