Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1 Wilson Engraving just completed operations for the year ended 12/31/18. Accounts from the adjusted trial balance date 12/31/18 are listed below. Balance Credit Debit

image text in transcribed
image text in transcribed
1 Wilson Engraving just completed operations for the year ended 12/31/18. Accounts from the adjusted trial balance date 12/31/18 are listed below. Balance Credit Debit 25,000 16,000 4,000 10,000 33,000 Cash Accounts Receivable Office Supplies Prepaid Insurance Equipment Accumulated Depreciation Equipment Accounts Payable Salaries Payable Unearned Revenue Notes Payable Wilson, Capital Wilson Withdrawals Service Revenue Salaries Expense Insurance Expense Utilities Expense Interest Expense Office Supplies Expense 15,000 5,000 8,000 10,000 42,000 5,000 50,000 25,000 4,000 4,000 3,000 1,000 Total 130,000 130,000 Requirements: Prepare income statement, statement of owner's equity and balance sheet. There are NO new capital contributions during the year. Wilson Engraving Income Statement 12 months ended 12/31/18 Wilson Engraving Statement of owner's Equity 12 months ended 12/31/18 Wilson Engraving Balance Sheet 12/31/2018

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Evaluation Of An Internal Audit Department The Case Of SOTELMA

Authors: Oumar Bah

1st Edition

6204486039, 978-6204486031

More Books

Students also viewed these Accounting questions

Question

Draw a labelled diagram of the Dicot stem.

Answered: 1 week ago