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The following is the Bravo Unlimited adjusted Trial Balance. Alpha Dog Company Adjusted Trial Balance December...

The following is the Bravo Unlimited adjusted Trial Balance.

Alpha Dog Company

Adjusted Trial Balance

December 31, 2016

Account Title

Debit

Credit

Cash

$88,450

Accounts Receivable

150,000

Supplies

29,255

Stock Investment

172,000

Equipment

295,285

Accumulated Depreciation

$238,760

Accounts Payable

78,555

Wages Payable

15,000

Capital Stock

220,000

Retained Earnings

111,145

Service Revenue

895,105

Interest Income

1,500

Rent Expense

64,500

Wages Expense

542,260

Supplies Expense

42,520  

Depreciation Expense

167,095  

Dividends

8,700

_________

     Totals

$1,560,065

$1,560,065

Prepare only the Asset section of the Classified Balance Sheet for the year end. Stock Investment is a long-term investment. 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.

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Answer #1

Note: The below extract of the Statement of Financial Position (Balance Sheet) has been prepared in accordance with IAS 1 Presentation of Financial Statements and US GAAP standards.

Bravo Unlimited

Statement of Financial Position (extract)

As of December 31, 2016 2015 (Amounts in $) ASSETS Current assets: Cash and cash equivalents Receivables, net Inventories Tot

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