Question 1

The following is the Alpha Dog Company adjusted Trail Balance.

Alpha Dog Company

Adjusted Trial Balance

December 31, 2016

Account Title

Debit

Credit

Cash

$88,450

Accounts Receivable

168,700

Supplies

30,255

Stock Investment

159,000

Equipment

295,285

Accumulated Depreciation

$235,760

Accounts Payable

73,555

Wages Payable

12,000

Capital Stock

220,000

Retained Earnings

111,145

Service Revenue

902,105

Interest Income

1,500

Rent Expense

63,500

Wages Expense

539,260

Supplies Expense

42,520

Depreciation Expense

164,095

Dividends

5,000

_________

Totals

$1,556,065

$1,556,065

Prepare only the Asset section of the Classified Balance Sheet for the year end. Be sure to use a good format, dollar signs and single underlines were required. There are a few extra lines in the formatted input answer form to allow for acceptable balance sheet format variations.

Alpha Dog Company

Balance Sheet (partial)