Preparing a Statement of Earnings OBJECTIVE 5 The adjusted trial balance of Pelton Company at December 31,
Question:
Preparing a Statement of Earnings OBJECTIVE 5 The adjusted trial balance of Pelton Company at December 31, 2018, includes the following accounts:
- Wages Expense, \(\$ 22,400\)
- Service Revenue, \(\$ 38,400\)
- Rent Expense, \(\$ 3,200\)
- Dividends, \(\$ 4,000\)
- Retained Earnings, \(\$ 12,200\)
- Prepaid Rent, \(\$ 1,000\)
Required:
Prepare a single-step statement of earnings for Pelton for 2018.
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Related Book For 
Cornerstones Of Financial Accounting
ISBN: 9780176707125
2nd Canadian Edition
Authors: Jay Rich, Jefferson Jones, Maryanne Mowen, Don Hansen, Donald Jones, Ralph Tassone
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