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an income statement for 2022, retained earnings statement,& classified balance sheet Bravo Motors Company Limited Trial Balance 1. Fees received in advance from clients and
an income statement for 2022, retained earnings statement,& classified balance sheet Bravo Motors Company Limited Trial Balance 1. Fees received in advance from clients and included in Service Revenue initially, $12,000. 2. Services performed for clients that were not recorded by December 31,$16,900. 3. Bad debt expense for the year is $12,500. 4. Insurance expired during the year $3,500. 5. Equipment is being depreciated at 10% per year. 6. Bravo Motors gave the bank a 90-day, 10\% note for $30,000 on December 1, 2022. 7. Rent of the building is $9,195 per month. The rent for 2022 has been paid, as has that for January and February 2023. The total rental payment was initially recorded in Rent Expense. 8. Office salaries and wages earned but unpaid December 31,2022,$4,500
an income statement for 2022, retained earnings statement,& classified balance sheet
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