Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Can you please help me prepare 1) Income statement 2) statement of retained earnings 3) Balance sheet B Financial statements.pdfAdjusted trial balance.p X file:///C/Users/Sagar620Basnet/Deskto sco%20project/Adjus

Can you please help me prepare

1) Income statement

2) statement of retained earnings

3) Balance sheet

image text in transcribed

B Financial statements.pdfAdjusted trial balance.p X file:///C/Users/Sagar620Basnet/Deskto sco%20project/Adjus Debit Credit Account No. 100 Cash 110 Accounts Receivable 130 Office Supplies 140 Prepaid Insurance 160 Music Equipment 161 Accum Depn: Music Equipment 210 Accounts Payable 220 Wages Payable 221 Telephone Payable 225 Interest Payable 230 Unearned Revenue 250 Bank Loan Payable 300 Capital 310 Income Summary 350 Withdrawals 400 Revenues 516 Wages Expense 541 Telephone Expense 543 Insurance Expense 544 Office Supplies Expense 560 Depn Expense: Music Equipment 571 Interest Expense 258,470 14,600 936 4,000 48,000 328 10,200 3,300 198,000 102,000 1,000 30.400 15,400 310 800 1,464 328 990 Total 346,298346,298 O Type here to search 1:30 PM 3/21/2019

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions