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Appendix 1: Financial Statements From an End-of-Period Spreadsheet Alert Security Services Co. offers security services to business clients. Alert Security Services Co. End-of-Period Spreadsheet For

  1. Appendix 1: Financial Statements From an End-of-Period Spreadsheet

    Alert Security Services Co. offers security services to business clients.

    Alert Security Services Co. End-of-Period Spreadsheet For the Year Ended October 31, 2018
    Adjusted Trial Balance Income Statement Balance Sheet
    Account Title Dr. Cr. Dr. Cr. Dr. Cr.
    Cash 373
    Accounts Receivable 2,737
    Supplies 124
    Prepaid Insurance 93
    Land 3,110
    Equipment 1,244
    Accum. Depr. - Equipment 249
    Accounts Payable 1,120
    Wages Payable 124
    Common Stock 40
    Retained Earnings 5,370
    Dividends 249
    Fees Earned 3,048
    Wages Expense 746
    Rent Expense 373
    Insurance Expense 311
    Utilities Expense 218
    Supplies Expense 187
    Depreciation Expense - Equip. 124
    Miscellaneous Expense 62
    9,951 9,951

    Prepare an income statement for Alert Security Services Co.

    Alert Security Services Co.
    Income Statement
    For the Year Ended October 31, 2018
    $
    Expenses:
    $
    Total expenses
    $

    Prepare a retained earnings statement for Alert Security Services Co. Negative amounts should be indicated by a minus sign.

    Alert Security Services Co.
    Retained Earnings Statement
    For the Year Ended October 31, 2018
    $
    $
    $

    Prepare a balance sheet for Alert Security Services Co. Negative amounts should be indicated by a minus sign.

    Alert Security Services Co.
    Balance Sheet
    October 31, 2018
    Assets
    Current assets:
    $
    Total current assets $
    Property, plant, and equipment:
    $
    $
    Total property, plant, and equipment
    Total assets
    Liabilities
    Current liabilities:
    $
    Total liabilities $
    Stockholders' Equity
    $
    Total stockholders' equity
    Total liabilities and stockholders' equity $

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