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1 of 1 Accounting 2 Homework (1) The accounts in the ledger of orange company contains the following balances on august 31 2018. Account receivable

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1 of 1 Accounting 2 Homework (1) The accounts in the ledger of orange company contains the following balances on august 31 2018. Account receivable Prepaid insurance 10642 1968 Account payable 8396 Maintenance expense 961 Cash 22 Sales revenue 5610 Equipment 49360 Dividends 700 Gasoline expense 758 Share capital 40000 Utilities expense 523 Salary expense 4428 Note payable 26450 Salary payable 815 Retained earnings 4636 Service revenue 5000 Use the data above to prepare: 1- Trail balance 2- Income statement 3- Retained earnings statement 4- Financial position statement

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