Question
Create income statement and balance sheet from the trial balance below. Data Helper Co. Trial Balance As of December 31st, 2018 Account Debit Credit Cash
Create income statement and balance sheet from the trial balance below.
Data Helper Co. | ||
Trial Balance | ||
As of December 31st, 2018 | ||
Account | Debit | Credit |
Cash | $315,000 | $313,000 |
Account Receivable | $700,000 | |
Revenue | $700,000 | |
Depreciation Expense | $6,000 | |
Rent/Insurance | $25,000 | |
Marketing Expense | ||
Loan Payable | $25,500 | $65,000 |
Equity | $250,000 | |
Utilities Expense | $4,500 | |
Accumulated Depreciation | $6,000 | |
Intangible Asset | $55,000 | |
Wage Expense | $215,000 | |
R&D Expense | $4,125 | |
Account Payable | $18,000 | $34,125 |
Total | $1,368,125 | $1,368,125 |
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Interpreting and Analyzing Financial Statements
Authors: Karen P. Schoenebeck, Mark P. Holtzman
6th edition
132746247, 978-0132746243
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