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Below, you'll find the fiscal-year end trial balances for Old Julian Calendars. Using separate worksheets, prepare an income statement and a classified balance sheet, IN
Below, you'll find the fiscal-year end trial balances for Old Julian Calendars. Using separate worksheets, prepare an income statement and a classified balance sheet, IN GOOD FORM. A statement of retained earnings is not required; however, you might find it helpful. NOTE: you must use formulae to pull data from the trial balance to the financial statements. GOOD FORM means proper headings, dollar signs where dollar signs belong (and not where they don't belong), underlines and double underlines as necessary, consistent formatting of font and numbers (use whole dollar amounts with no decimals showing). On the trial balance worksheet, add the post-closing trial balance. Ensure the formatting used on this step is consistent with mine. Finally, it needs to look professional -- something that you would be willing to turn in to your boss. Old Julian Calendars Trial Balance 30-Sep-22 Unadjusted $ 28,630 14,960 2,760 5,800 13,800 5,220 9,610 Cash Accounts Receivable Office Supplies Prepaid Insurance Office Equipment Accum Depr - Ofc Eqp Accounts Payable Salaries Payable Rent Payable Unearned Service Revenue Unearned Rent Revenue Common Stock Retained Earnings Dividends Service Revenue Rent Revenue Salaries Expense Ofc Supplies Expense Rent Expense Insurance Expense Depreciation Expense Adjusted $ 28,630 16,260 885 1,450 13,800 7,260 9,610 2,750 1,750 1,150 2,825 20,000 2,175 4,400 20,000 18,395 18,395 8,000 47,600 1,575 19,200 8,000 49,850 3,300 22,025 1,875 17,575 4,350 2,040 $ 116,890 $ 116,890 15,825 $ 108,975 $ 108,975
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