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Credit 4,400 3,500 300 900 Seinfield Corporation Adjusted Trial Balance September 30, 20X6 Account Debit Cash $ 2,200 Accounts receivable 9,500 Supplies 2,600 Prepaid rent
Credit 4,400 3,500 300 900 Seinfield Corporation Adjusted Trial Balance September 30, 20X6 Account Debit Cash $ 2,200 Accounts receivable 9,500 Supplies 2,600 Prepaid rent 1,300 Equipment 38,800 Accumulated depreciation $ Accounts payable Interest payable Unearned service revenue Income tax payable Note payable Share capital Retained earnings Dividends 20,000 Service revenue Depreciation expense 1,800 Salary expense 39,800 Rent expense 10,400 Interest expense 3,400 Insurance expense 3,500 Supplies expense 2,900 Income tax expense 6,500 $ Total 142,700||$ 2,000 19,800 4,000 5,200 102,600 142,700 Requirement 1. Prepare Seinfield Corporation's 20X6 income statement, statement of changes in equity, and balance sheet. List expenses (except for income tax) in decreasing order on the income statement and show total liabilities on the balance sheet. Begin by preparing Seinfield's 20x6 income statement. Income before tax Now, prepare the statement of changes in equity. Add: Less: Prepare the balance sheet by first completing the header and the rest of the statement. Assets Liabilities Shareholders' Equity
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