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Adjusted Trial Balance Income Statement Balance Sheet Account Title Debit Credit Debit Credit Debit Credit Cash 16,000 16,000 Accounts Receivable 6,000 6,000 Supplies 2,000 2,000
Adjusted Trial Balance Income Statement Balance Sheet Account Title Debit Credit Debit Credit Debit Credit Cash 16,000 16,000 Accounts Receivable 6,000 6,000 Supplies 2,000 2,000 Equipment 19,000 19,000 Accumulated Depr. 6,000 6.000 Accounts Payable 10,000 10,000 Wages Payable 2,000 2,000 Common Stock 5,000 5,000 Retained Earnings 1,251 1,251 Dividends 1,000 1.000 Fees Earned 53,005 53,005 Wages Expense 21,766 21,766 Rent Expense 6,839 6,839 Depreciation Expense 4,651 4,651 77,256 77,256 Totals 33,256 53,005 24,251 +4.000 19,749 19,749 Net Income (Loss) 53,005 53,005 44,000 +4,000 The ending balance of retained earnings is Oa. $20,000 Ob. $19,749 Oc. so Od. $6,251
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