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CAN AN ACCOUNTANT TUTOR HELP ME WITH THE INCOME STATEMENT, RETAINED EARNINGS STATEMENT AND BALANCE SHEET PLEASE Lakota Freight Co. UNADJUSTED TRIAL BALANCE March 31,
CAN AN ACCOUNTANT TUTOR HELP ME WITH THE INCOME STATEMENT, RETAINED EARNINGS STATEMENT AND BALANCE SHEET PLEASE
Lakota Freight Co. UNADJUSTED TRIAL BALANCE March 31, 2016 ACCOUNT TITLE DEBIT 1 Cash 12,000.00 2 Supplies 30,000.00 3 Prepaid Insurance 4 Equipment 3,600.00 110,000.00 5 Accumulated Depreciation-Equipment 6 Trucks CREDIT 25,000.00 60,000.00 7 Accumulated Depreciation-Trucks 15,000.00 8 Accounts Payable 4,000.00 9 Wages Payable 10 Common Stock 26,000.00 11 Retained Earnings 70,000.00 12 Dividends 15,000.00 13 Income Summary 14 Service Revenue 15 Wages Expense 160,000.00 45,000.00 16 Supplies Expense 17 Rent Expense 18 Truck Expense 10,600.00 9,000.00 19 Depreciation Expense-Equipment 20 Depreciation Expense-Trucks 21 Insurance Expense 22 Miscellaneous Expense 23 Totals 4,800.00 300,000.00 300,000.00 The data needed to determine year-end adjustments are as follows: Supplies on hand at March 31 are $7,500. Insurance premiums expired during year are $1,800. Depreciation of equipment during year is $8,350. Depreciation of trucks during year is $6,200. Wages accrued but not paid at March 31 are $600Step by Step Solution
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