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Create an income statement, statement of retained earnings, and balance sheet from the following trail balance; Trial Balance EDG Company For the year ended 12/31/21

Create an income statement, statement of retained earnings, and balance sheet from the following trail balance;

Trial Balance

EDG Company

For the year ended 12/31/21

ACCOUNT DEBIT CREDIT
Cash 75,640
Prepaid Rent 1,000
Equipment 350,000
Accum. Depre. Equip. 125,000
Unearned Service Revenue 5,000
Accounts Payable 12,000
Common Stock 100,000
Retained Earnings 76,000
Dividends 10,000
Service Revenue 256,000
Advertising Expense 800
Depreciation Expense 2,000
Rent Expense 12,000
Supplies Expense 560
Utilities Expense 42,000
Wages Expense 80,000
TOTALS 574,000 574,000

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