Apple Inc.

Adjusted Trial Balance as at 31 December 2024

	Debit ($)	Credit ($)
Cash	20,000
Accounts Receivable	40,000
Prepaid Expenses	10,000
Equipment	250,000
Accumulated Depreciation - Equipment		50,000
Accounts Payable		30,000
Unearned Revenue		20,000
Common Stock		150,000
Retained Earnings		70,000
Service Revenue		200,000
Salaries Expense	80,000
Rent Expense	30,000
Depreciation Expense	10,000
Total	440,000	440,000

Required:

1. Prepare the Ledger Accounts for the above adjusted trial balance.
2. Calculate the Income Statement for the year ended 31 December 2024.
3. Prepare the Balance Sheet as at 31 December 2024.