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Answer the following question. Submit this portion as a Word document or Excel spreadsheet. The following is the trial balance for Last Minute Services, Inc.:
Answer the following question. Submit this portion as a Word document or Excel spreadsheet.
The following is the trial balance for Last Minute Services, Inc.:
Last Minute Services, Inc. Trial Balance For the Year Ended December 31, 201X
Dr | Cr | |
Cash | $70,250 | |
Accounts Receivable | 20,960 | |
Office Equipment | 45,000 | |
Accumulated Depreciation | 6,500 | |
Accounts Payable | 42,250 | |
Common Stock | 60,760 | |
Dividends | 4,500 | |
Retained Earnings | 00 | |
Sales Revenue | 87,000 | |
Salary Expense | 43,650 | |
Operating Expense | 12,150 | |
196,510 | 196,510 |
Prepare an Income Statement, Statement of Changes in Stockholders' Equity and a Balance Sheet. (Assume that the company issued $60,760 of common stock on January 2, 201X. The business started on January 2, 201X)
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