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Data Table The adjusted trial balance for Web Advertising Services is presented below EEB Click on the icon to view the adjusted trial balance.) Read
Data Table The adjusted trial balance for Web Advertising Services is presented below EEB Click on the icon to view the adjusted trial balance.) Read the requ irements. Requirement 1. Prepare the income statement for the year ending December 31, 2018. (Use a minus s Web Advertising Services Adjusted Trial Balance December 31, 2018 Balance Debit Credit Web Advertising Services Income Statement Year Ended December 31, 2018 Account Title S 14,600 12,500 6,200 18,600 49,500 Office Supplies $37,100 21,100 4,200 9,600 Accounts Payable Salaries Payable Unearned Revenue Common Stock Retained Earnings 32,000 33,800 20,200 Net Income (Loss) Service Revenue Salaries Expense Supplies Expense Requirement 2. Prepare the statement of retained earnings for the year ending December 31, 2018.( 26,000 8,800 Web Advertising Services Statement of Retained Earnings Year Ended December 31, 2018 3,100 Retained Earnings, January 1, 2018 Advertising Expense 10,500 S 191,800 $191,800 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 shee Web Advertising Services Balance Sheet December 31, 2018 Data Table Web Advertising Services Adjusted Trial Balance December 31, 2018 Account Title Debit Credit S 14,600 12,500 6,200 18,600 49,500 Office Supplies Building Less Building 37,100 Less Accounts Payable Salaries Payable Unearned Revenue Common Stock Retained Earnings 4,200 7,400 32,000 33,800 20,200 Service Revenue Salaries Expense Supplies Expense 26,000 8,800 3,100 Stockholders' Equity 10,500 Advertising Expense Total S191,800 $191,800 Print Done Choose from any list or enter any number in the input fields and then continue to the next
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