Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Based on the unadjusted trial balance given in the previous upload. Can you double-check what else is missing or wrong if the title is right?
Based on the unadjusted trial balance given in the previous upload. Can you double-check what else is missing or wrong if the title is right? INCOME STATEMENT, RETAINED EARNINGS, AND BALANCE SHEET.
Income Statement For the Quarter Ended june 30, 2022 \begin{tabular}{|l|l|lr|} \hline Revenues & & $ & 11,300.00 \\ \hline Sales Revenue & & $ & (4,500.00) \\ \hline Less: Cost of Goods sold & & $ & 6,800.00 \\ \hline Gross Profit & & & \\ \hline Expenses: & $3,200.00 & & \\ \hline Salaries and wages & $600.00 & & \\ \hline Rent Expense & $700.00 & & \\ \hline utilities Expense & & & $4,500.00 \\ \hline Total expenses & & $ & 2,300.00 \\ \hline Net Income & & & \\ \hline \end{tabular} Statement Of Retalned Earnings For the Quarter Ended june 30, 2022 \begin{tabular}{l|l|ll} \hline Retained Earnings, April 1, 2022 & & \\ \hline Add:Net Income & & $ & 1,100.00 \\ \hline & & $ & 2,300.00 \\ \hline & & $ & 3,400.00 \\ \hline Less: Dividends & & & \\ \hline Retained Earnings, June 302022 & & $ & (300.00) \\ \hline \end{tabular} Balance shapt For the Quarter Ended june 30,2022 Liabilities and Stockholders' Equity Current Liabilitles: Accounts Payable Deferred Revenue 5510,800.00400.00 Total Current Liabilities $11,200.00 Non-current Liabilities Longterm Notes payable Total Liabilities \begin{tabular}{|c|} \hline$20,000.00 \\ \hline$31,200.00 \\ \hline \\ \hline 13,100 \\ \hline \end{tabular} Tota Liabilities and Stockholders' Equity 544,300.00Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started