Answered step by step
Verified Expert Solution
Question
1 Approved Answer
E4-16, parts 1-3. 217 Completing the Accounting Cycle Exercises paring the financial statements Pre Eadjusted trial balance for Green Advertising Services is presented belowr. Learning
E4-16, parts 1-3.
217 Completing the Accounting Cycle Exercises paring the financial statements Pre Eadjusted trial balance for Green Advertising Services is presented belowr. Learning objective 1 2. Ending Capital $38,200 GREEN ADVERTISING SERVICES Adjusted Trial Balance December 31, 2018 Balance Account Title Debit Credit Cash S 14,000 15,800 6,500 18,400 47,900 Accounts Receivable Office Supplies Land Building Accumulated Depreciation-Building Furniture Accumulated Depreciation-Furniture Accounts Payable Salaries Payable Unearned Revenue Green, Capital Green, Withdrawals Service Revenue Salaries Expense Supplies Expense Depreciation Expense-Building $ 36,100 19,600 14,100 10,600 7,200 16,000 61,400 18,300 49,800 28,600 8,400 2,900 1,300 13,500 $195,200 Depreciation Expense Furniture Advertising Expense Total $ 195,200 Requirements 1. Prepare the income statement for the year ending December 31, 2018. 2. Prepare the statement of owner's equity for the year ending December 31, 2018. Assume that there were no contributions made by the owner during the year. 3. Prepare the classified balance sheet as of December 31, 2018. Use the report formStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started