The accountant for Wilfred Trading Company prepared the following Adjusted Trial Balance at31 December 2019.Wilfred Trading CompanyAdjusted Trial Balance31 December 2019Cash$14,910$7,000Accounts ReceivableSuppliesInventoryPrepaid InsuranceEquipmentAccumulated Depreciation-EquipmentNotes PayableAccounts PayableInterest PayableIncome Tax PayableSalaries PayableDividend PayableShare Capital OrdinaryRetained Earnings$500$3,500$2,200$15,000$1,625$10,000$100$2,000$1,220$600$14,000$5,500DividendsSales$19,780Sales Returns and Allowances$2,000$6,000$3,460$1,300$1,200$230Cost of goods soldSalaries ExpenseTravel ExpenseRent ExpenseMiscellaneous ExpenseSupplies ExpenseDepreciation ExpenseInterest ExpenseIncome Tax ExpenseInsurance Expense$750$1,500$1,200$2,000$200$64.075Totals$64,075

Question
Asked Dec 19, 2019
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prepare the income statement for the year ended 31 DEC 2019

The accountant for Wilfred Trading Company prepared the following Adjusted Trial Balance at
31 December 2019.
Wilfred Trading Company
Adjusted Trial Balance
31 December 2019
Cash
$14,910
$7,000
Accounts Receivable
Supplies
Inventory
Prepaid Insurance
Equipment
Accumulated Depreciation-Equipment
Notes Payable
Accounts Payable
Interest Payable
Income Tax Payable
Salaries Payable
Dividend Payable
Share Capital Ordinary
Retained Earnings
$500
$3,500
$2,200
$15,000
$1,625
$10,000
$100
$2,000
$1,220
$600
$14,000
$5,500
Dividends
Sales
$19,780
Sales Returns and Allowances
$2,000
$6,000
$3,460
$1,300
$1,200
$230
Cost of goods sold
Salaries Expense
Travel Expense
Rent Expense
Miscellaneous Expense
Supplies Expense
Depreciation Expense
Interest Expense
Income Tax Expense
Insurance Expense
$750
$1,500
$1,200
$2,000
$200
$64.075
Totals
$64,075
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The accountant for Wilfred Trading Company prepared the following Adjusted Trial Balance at 31 December 2019. Wilfred Trading Company Adjusted Trial Balance 31 December 2019 Cash $14,910 $7,000 Accounts Receivable Supplies Inventory Prepaid Insurance Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Interest Payable Income Tax Payable Salaries Payable Dividend Payable Share Capital Ordinary Retained Earnings $500 $3,500 $2,200 $15,000 $1,625 $10,000 $100 $2,000 $1,220 $600 $14,000 $5,500 Dividends Sales $19,780 Sales Returns and Allowances $2,000 $6,000 $3,460 $1,300 $1,200 $230 Cost of goods sold Salaries Expense Travel Expense Rent Expense Miscellaneous Expense Supplies Expense Depreciation Expense Interest Expense Income Tax Expense Insurance Expense $750 $1,500 $1,200 $2,000 $200 $64.075 Totals $64,075

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