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1.Post the Adjusting Entries to the Trial Balance Worksheet. 2.Complete the Trial Balance Worksheet. 3.Prepare an Income Statement, Statement of Retained Earnings and Balance Sheet
1.Post the Adjusting Entries to the Trial Balance Worksheet.
2.Complete the Trial Balance Worksheet.
3.Prepare an Income Statement, Statement of Retained Earnings and Balance Sheet from the Trial Balance Worksheet.
Assets Liabilities Stockholders' Equity Retained Earnings Cash Accounts Receivable Supplies Equipment Accounts Payable common stock Revenues Expenses Dividends 15,000 15,000 5,000 5,000 500 500 -400 300 5,300 5,300 700 2,000 220 -220 1.500 1,500 1,500 15,000 6800 13,020 -400 -5,000 300 700 11,480 West Chester Car Wash Income Statement For the Month Ended August 31 6,800 Service Revenue Expenses 2,000 Salaries and Wages 500 Rent Expense 300 Advertising Expense 220 Utilities Expense 3,020 Net IncomeStep by Step Solution
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