Adjusted Trial Balance

at $31$ December $2023$

Debit Credit

Cash $51,402$

Accounts receivable $2,400$

Office supplies $600$

Prepaid rent $1,440$

Office equipment $64,800$

Accumulated depreciation: office equipment $42,300$

Accounts payable $1,680$

Interest payable $432$

Income taxes payable $2,100$

Unearned revenue $10,800$

Capital stock $36,000$

Retained earnings, $1$ January $20239,600$

Dividends $1,200$

Consulting services revenue $72,000$

Office supplies expense $726$

Depreciation expense: office equipment $9,900$

Rent expense $1,212$

Salaries expense $32,520$

Interest expense $432$

Income taxes expense $8,280$

Totals $174,912174,912$

Instructions:

Using Adjusted Trial Balance above, perform the following tasks:

$(1)$ Prepare an Income Statement for the year ended December $31,2023$