Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

act.pearsoncmg.com Using the Adjusted Trial Balance, complete the Income Statement, Statement of Retained Earnings, and Balance Sheet. Enter any decreases with a minus sign or

act.pearsoncmg.com Using the Adjusted Trial Balance, complete the Income Statement, Statement of Retained Earnings, and Balance Sheet. Enter any decreases with a minus sign or parentheses. SMART TOUCH LEARNING Adjusted Trial Balance December 31, 2016 Balance Account Tide Debit Credit 1-800 Accounts Recchable 8.200 Off Supplies 100 pad 9,200 Furniture 17.200 Accumulated sprin 5,000 Accounts Payable 1,200 Sales Pay 400 Interest Payable 200 Lineamed Reve 4,500 Notes Payable 6,500 Common Stock Blindtarming Dvd 9,600 .3, 2. 25,400 Service Revenue 45,000 Depreciation Expense-Furniture 1,500 In Expre 200 Rent Expense 2,500 Sales Expense 3,400 Supplies Expense 700 Total 84,600 $4,600 Revenue: Expenses Total Expenses Net Income D 1:57 1 25,400 Serv 45,000 Depreciation Expere--Furniture 1,500 Index Expre 200 Rent Tapense 2,500 3,400 Supplies Expense 700 Total 14,000 14,500 Revenue: Exper Tobal Expenses Nut Income LAS Assets act.pearsoncmg.com La Liabilities Stockholders' Equity Total A Total Equity Total Liabilities and Stockholders' Equity

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

Financial Statement Analysis And Business Valuation Case Studies Using Excel

Authors: Dr Alessio Faccia

1st Edition

979-8863186412

More Books

Students also viewed these Accounting questions