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Below are the unadjusted and adjusted trial balances for Jones Marketing. Based on the ADJUSTED trial balance, prepare an income statement, statement of retained earnings,
Below are the unadjusted and adjusted trial balances for Jones Marketing. Based on the ADJUSTED trial balance, prepare an income statement, statement of retained earnings, and unclassified balance sheet.
***please show calculations, because my balance sheet did not balance.
Entries and Financial Statements Jones Marketing was founded in January 2012. Presented below are adjusted and unadjusted trial balances as of Deccmber 31,2016. ONES MARKETING Trial Balance December 31, 2016 Unadjusted Adjusted CR Cash Accounts Rcceivable Allowance for Doubtful Accounts S 16,000 42,000 S 16,000 47,000 6,700 120,000 6,800 5,000 120,000 Prepaid Insurance Equipment Accumulated Depreciation Equipment Accounts Pavable Interest Pavablc Notes Payable Uncarned Scrvicc Revenuc Salaries and Wages Payable Common Stock Retained Earnings Service Revenuc Salaries and Wages Expense Insurance Expense S 54,000 10,000 S 64,000 10,000 10,000 12,000 10,000 9,200 2,600 20,000 7,000 125,000 16,000 18,600 1,700 1,000 10,000 700 Depreciation Expense Supplies Expense 14,000 8,000 S 230,200 $ 230,200S 248,700 8,000 248,700
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