Please prepare a full trial balance – Trial Balance, Adjustments, Adjusted Trial Balance, Income Statement, Balance Sheet, and Statement of Owner's Equity, as well the individual Balance Sheet, Income Statement, and Statement of Owners Equity. Include any journal entries necessary for this assignment. Use T accounts if you find them helpful. Attached are the files for your use. Check your formulas.

Please prepare a full trial balance – Trial Balance, Adjustments, Adjusted Trial Balance, Income Statement, Balance Sheet, and Statement of Owner's Equity, as well the individual Balance Sheet, Income Statement, and Statement of Owners Equity. Include any journal entries necessary for this assignment. Use T accounts if you find them helpful. Attached are the files for your use. Check your formulas.

Business/Professional Ethics Directors/Executives/Acct

8th Edition

ISBN:9781337485913

Author:BROOKS

Publisher:BROOKS

Chapter8: Subprime Lending Fiasco-ethics Issues

Section: Chapter Questions

Problem 3.7EC

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Given the following adjusted trial balance: Debit Credit Cash $2028 Accounts receivable 2560 Inventory 3811 Prepaid rent 105 Equipment 370 Accumulated depreciation-equipment $63 Accounts payable 100 Unearned service revenue 149 Common stock 266 Retained earnings 8060 Service revenue 449 Interest revenue 68 Salaries and wages expense 200 Travel expense 81 Total $9155 $9155 Net income for the year is: a.) $517. b.) $723. c.) $463. d.) $236.
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