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Below is the Adjusted Trial Balance for Stabler Company. Stabler made a few errors during the year. Stabler forgot to accrue $3,500 of Service Revenue.
Below is the Adjusted Trial Balance for Stabler Company. Stabler made a few errors during the year. Stabler forgot to accrue $3,500 of Service Revenue. Also, they had debited Machinery Expense for $1,000 when they made a cash purchase of Machinery. Instructions: After making the corrections, prepare an income statement, statement of retained earnings, and a classified balance sheet for Stabler in proper form. Please complete your problem in Excel (each financial statement in a separate tab and upload the file to this link before time expires. You have 60 minutes to complete this portion of the exam. Exams submitted without Excel files will receive a score of zero. Files will not be accepted through email. STABLER COMPANY Adjusted Trial Balance 31-May-20 Account Titles Cash Accounts Receivable Machinery Accumulated Depreciatio-Equip. Accounts Payable Unearned Rent Revenue Common Stock Retained Earnings Dividends Service Revenue Rent Revenue Depreciation Expense Machinery Expense Salaries and Wages Expense Utilities Expense Debits Credits $14,300 5,500 26,000 $4,300 5,200 2.100 22,000 23,300 10,000 67,200 3,200 3,700 1,000 56,800 10,000 $127.300 $127.300 127.300
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