The Adjusted Trial Balance Data Given Below Is from the Bennett

question 59

Essay

The adjusted trial balance data given below is from the Bennett Company's worksheet for the year ended December 31, 2013. The firm had net income of $100,000 for the year. Prepare a statement of owner's equity for the year. No additional investments were made during the period. $$\begin{array}{l}\text { ADJUSTED TRIAL BALANCE }\\\begin{array} { | l | r | r | } \hline { \text { ACCOUNT NAME } } & \text { DEBIT } & { \text { CREDIT } } \\\hline \text { Ben Bennett, Capital } & & 122,000 \\\hline \text { Ben Bennett, Drawing } & 30,000 & \\\hline\end{array}\end{array}$$

Understand the role of visuals in emphasizing data and supporting textual content.

Learn the ethical considerations in visual data presentation to avoid misleading representations.

Grasp the significance of software tools in creating specific types of visuals for different data presentations.

Appreciate the relevance of cultural considerations in visual designs for diverse audiences.

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Definitions:

Net Of Tax

Refers to the amount remaining after taxes have been deducted, used to describe financial results or figures that are exclusive of tax effects.

Net Realizable Value

Net realizable value is the estimated selling price of goods, minus the estimated costs of completion and the costs necessary to make the sale.

Interim Financial Report

A financial report covering a period of less than one fiscal year that provides an update on a company's financial status.

Inventory

The raw materials, work-in-process products, and finished goods that are considered to be the portion of a business's assets that are ready or will be ready for sale.