2. LO 4.5 From the following Company Z adjusted trial balance, prepare simple financial statements for the month of Dec 2019, as follows: Income Statement Retained Earnings Statement Balance Sheet A. В. С. Adjusted Trial Balance Debit Credit Cash $ 54,650 Accounts receivable 28,750 8,000 Prepaid insurance Land 22,000 $ 14,300 4,250 50,000 38,900 Accounts payable Salaries payable Common stock Retained earnings Dividends 36,000 Service revenue 257,350 Insurance expense Salaries expense Miscellaneous expense 32,000 126,500 56,900 364,800 364,800
2. LO 4.5 From the following Company Z adjusted trial balance, prepare simple financial statements for the month of Dec 2019, as follows: Income Statement Retained Earnings Statement Balance Sheet A. В. С. Adjusted Trial Balance Debit Credit Cash $ 54,650 Accounts receivable 28,750 8,000 Prepaid insurance Land 22,000 $ 14,300 4,250 50,000 38,900 Accounts payable Salaries payable Common stock Retained earnings Dividends 36,000 Service revenue 257,350 Insurance expense Salaries expense Miscellaneous expense 32,000 126,500 56,900 364,800 364,800
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter4: Accounting For Retail Operations
Section: Chapter Questions
Problem 4.18E: Multiple-step income statement On March 31, 20Y5, the balances of the accounts appearing in the...
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