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Analyze the following adjusted Trial Balance for Remington Sales and prepare an Income Statement Remington Sales Adjusted Trial Balance 12/31/2016 Account Debit Credit Cash 63,740
Analyze the following adjusted Trial Balance for Remington Sales and prepare an Income Statement
Remington Sales Adjusted Trial Balance 12/31/2016 | ||
Account | Debit | Credit |
Cash | 63,740 | |
Accounts Receivable | 88,600 | |
Trucks | 102,900 | |
Office Furniture | 8,400 | |
Accounts Payable | 3,000 | |
Notes Payable | 30,600 | |
Capital Stock | 30,000 | |
Retained Earnings, 2016 January 1 | 30,540 | |
Dividends | 18,300 | |
Sales Revenue | 371,010 | |
Fuel Expense | 21,900 | |
Salaries Expense | 65,850 | |
Utilities Expense | 2,310 | |
Rent Expense | 15,000 | |
Supplies Expense | 75,600 | |
Miscellaneous Expense | 2,550 | |
$465,150 | $465,150 |
Prepare an income statement using the adjusted trial balance information.
Remington Sales | ||
Income Statement | ||
For month ended December 31, 2017 | ||
Account | Debit | Credit |
Net Income |
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