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Below is a Trial Balance. In the spaces following, please provide an Income Statement, Statement of Retained Earnings, and a Balance Sheet. DR CR Prepaid
Below is a Trial Balance. In the spaces following, please provide an Income Statement, Statement of Retained Earnings, and a Balance Sheet.
DR | CR | |||
Prepaid Insurance | 3500 | |||
Equipment | 120000 | |||
Salaries Expense | 55000 | |||
Utilities Expense | 1000 | |||
Accumulated Depreciation | 13000 | |||
Accounts Payable | 10500 | |||
Cash | 5750 | |||
Accounts Receivable | 9000 | |||
Bonds Payable | 95000 | |||
Common Stock | 7500 | |||
Depreciation Expense | 6000 | |||
Retained Earnings (Beginning) | 30750 | |||
Dividends | 6000 | |||
Service Revenue | 60000 | |||
Repair Expense | 4000 | |||
Insurance Expense | 2500 | |||
Tax expense | 4000 | |||
216750 | 216750 |
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