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1. The adjusted trial balance for Molina Company is presented below. (5 Points) Credits MOLINA COMPANY Adjusted inal Baian July 31. 2015 No. Account Titles

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1. The adjusted trial balance for Molina Company is presented below. (5 Points) Credits MOLINA COMPANY Adjusted inal Baian July 31. 2015 No. Account Titles Debits 101 Casn 18.000 112 Accounts Receivable 9.000 157 Equipment 26,000 167 Accumulatea Depreciation-EQUID. 201 Accounts Pavable 208 Unearned Rent Revenue 311 Common Stock 320 Retained Earnings 332 Dividends 17.000 400 Service Revenue 429 Rent Revenue 711 Depreciation Expense 5.000 726 Salaries and Wages Expense 60.000 732 Utilities Expense 10.000 $145.000 = 8,000 5.500 2.000 22.000 27,500 69.000 11,000 $145.000 Molina made an error during year when they debited Utilities Expense for $2.000 instead of Equipment for a cash purchase of equipment. In addition, Molina failed to accrue $4,000 of Service Revenue. Instructions 'a) Prepare an income statement and a retained earnings statement for the year. (0) Prepare a classified balance sheet at July 31

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