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December 31, 2019 Trial Balance Dr. Cr. Income Statement Dr Cr, Balance Sheet Dr Cr. Cash S 200 Accounts Receivable $ 50 Allowance for Doubtful
December 31, 2019 Trial Balance Dr. Cr. Income Statement Dr Cr, Balance Sheet Dr Cr. Cash S 200 Accounts Receivable $ 50 Allowance for Doubtful Accounts 8 Prepaid Insurance S 6 Theater Building S 100 Accumulated Depreciation Building 20 Accounts Payable 45 Wages Payable 4 Taxes payable Dividends payable 10 Unearned Revenue 5 Common Stock 100 Treasury stock $ 20 Dividends $ 10 Retained Earnings $ 134 Sales Revenue 708 Concert Expenses S S 300 Utilities Expense S 12 Depreciation ExpenseBuilding $ 5 Insurance Expense $ 6 Bad Debt Expense S 3 Wages Expense $ 54 Federal taxes Total S 900 $ 900 Total $ 900 s 900 Required: Record a tax accrual based on a tax rate of 20%. No adjustment column is provided so just book the entry in the TB directly Prepare a balance sheet, income statement and statement of SHE in columnar format
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