Use the following account balances from the December 31, 20X…

Use the following account balances from the December 31, 20X1 ledger to prepare the Balance Sheet IN A CLASSIFIED FORMAT.  Retained Earnings as listed is the January 1, 20X1 balance.You will need to solve for the amount of Retained Earnings to be reported on the Balance Sheet. The Note Payable includes a portion, 25%, that is due in one year. The order that you list the accounts is critical for your answer to be graded as correct.  (Current assets in order of liquidity, Long-term assets as shown in text, Current liabilities with most common liability first) You can use “Copy and Paste” to enter the date and account titles. If you choose to type in the date and the name of the accounts, you must do so EXACTLY as shown in the list.  Do not add any other words! When entering the amount, do NOT use dollar signs or commas.  Do NOT use a minus sign or parenthesis. Account Titles Account Balances   Account Titles Account Balances Cash 1,000   Insurance Expense 180 Fees earned 1,400   Depreciation Expense 150 Prepaid Rent 340   Accounts Receivable 80 Accounts Payable 570   Dividends Declared 180 Common Stock 2030   Wages Expense 620 Notes Payable  800   Retained Earnings  1425 Accumulated Depreciation-Auto 325   Auto 4000 PBJ Restaurant Balance Sheet Current Assets:           Total Current Assets     Long-term Assets:             Total Long-term Assets                  Total Assets               Current Liabilities:   Total Current Liabilities    Long-term Liabilities: Total Long-term Liabilities Total Liabilities   Stockholders’ Equity:           Retained Earnings          Total Stockholders’ Equity     Total Liabilities and Stockholders’ Equity      

Record the journal entry for the following transactions for…

Record the journal entry for the following transactions for the VVF Corporation All account(s) and amount(s) to be debited must be entered first before entering account(s) and amount(s) to be credited.  Select the account from the drop-down menu.   If there is more than one debit and/or more than one credit, record the accounts in alphabetic order. Select the amount from the drop-down menu.  If there is no amount to be recorded in either the debit or credit column, select 0 (for zero).  In other words, every blank must be filled. On 2/1/20X1, VVF Corp. received $6,000 from a customer for services to be provided monthly for the next 15 months. On 7/31/20X1, the fiscal year-end, the VVF accountants recorded the adjusting entry for the services provided since the advance was received. Date Account Title Debit Credit 2/1/20X1 6000 6000 7/31/20X1

Use the following account balances from the December 31, 20X…

Use the following account balances from the December 31, 20X1 ledger to prepare the Balance Sheet IN A CLASSIFIED FORMAT.  Retained Earnings as listed is the January 1, 20X1 balance.You will need to solve for the amount of Retained Earnings to be reported on the Balance Sheet. The Note Payable includes a portion, 25%, that is due in one year. The order that you list the accounts is critical for your answer to be graded as correct.  (Current assets in order of liquidity, Long-term assets as shown in text, Current liabilities with most common liability first) You can use “Copy and Paste” to enter the date and account titles. If you choose to type in the date and the name of the accounts, you must do so EXACTLY as shown in the list.  Do not add any other words! When entering the amount, do NOT use dollar signs or commas.  Do NOT use a minus sign or parenthesis. Account Titles Account Balances   Account Titles Account Balances Cash 1,000   Insurance Expense 180 Fees earned 1,400   Depreciation Expense 150 Prepaid Rent 340   Accounts Receivable 80 Accounts Payable 570   Dividends Declared 180 Common Stock 2030   Wages Expense 620 Notes Payable  800   Retained Earnings  1425 Accumulated Depreciation-Auto 325   Auto 4000 PBJ Restaurant Balance Sheet Current Assets:           Total Current Assets     Long-term Assets:             Total Long-term Assets                  Total Assets               Current Liabilities:   Total Current Liabilities    Long-term Liabilities: Total Long-term Liabilities Total Liabilities   Stockholders’ Equity:           Retained Earnings          Total Stockholders’ Equity     Total Liabilities and Stockholders’ Equity