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Data Table Hampton Advertising Services Adjusted Trial Balance December 31, 2018 Balance Account Title Debit Credit Cash $ 14,500 Accounts Receivable 15,500 Office Supplies 6,900
Data Table Hampton Advertising Services Adjusted Trial Balance December 31, 2018 Balance Account Title Debit Credit Cash $ 14,500 Accounts Receivable 15,500 Office Supplies 6,900 Land 18,300 Building 50,500 Accumulated Depreciation- Building $ 35,100 Furniture 19,300 Accumulated Depreciation, Furniture 13,700 Accounts Payable 10,400 Salaries Payable 7,300 Unearned Revenue 15,000 Common Stock 31,500 Retained Earings 40,700 Dividends 15,900 Service Revenue 40,900 Salaries Expense 26,500 Supplies Expense 9,600 Depreciation Expense- Building 2,300 Depreciation Expense- Furniture 800 Advertising Expense 14,500 $ Total 194,600 $ 194,600 Print Done Requirement 1. Prepare the income statement for the year ending December 31, 2018. (Use a minus sign or parentheses to show a net loss. If a box is not used in the statement, leave the box em Hampton Advertising Services Income Statement Year Ended December 31, 2018 Net Income (Loss) Requirement 2. Prepare the statement of retained earnings for the year ending December 31, 2018. (Use a minus sign or parentheses to show a net loss.) Hampton Advertising Services Statement of Retained Earnings Year Ended December 31, 2018 Retained Earnings, January 1, 2018 Retained Earnings, December 31, 2018 Requirement 3. Prepare the classified balance sheet as of December 31, 2018. Use the account form. Begin by preparing the asset section of the balance sheet and then prepare the liabilities and stockholders' equity sections. (If a box is not used in the balance sheet, leave the box empty, do not sel Hampton Advertising Services Balance Sheet December 31, 2018 Assets Less Less: Liabilities Stockholders' Equity
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