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Exercise 3-11 (Part Level Submission) The adjusted trial balance of Concord Cooper Co. as of December 31, 2017, contains the following. CONCORD COOPER CO. ADJUSTED
Exercise 3-11 (Part Level Submission)
The adjusted trial balance of Concord Cooper Co. as of December 31, 2017, contains the following.
CONCORD COOPER CO. ADJUSTED TRIAL BALANCE DECEMBER 31, 2017 | ||||||
Debit | Credit | |||||
Cash | $20,507 | |||||
Accounts Receivable | 7,955 | |||||
Prepaid Rent | 3,315 | |||||
Equipment | 19,085 | |||||
Accumulated Depreciation-Equipment | $5,930 | |||||
Notes Payable | 6,735 | |||||
Accounts Payable | 6,507 | |||||
Common Stock | 21,035 | |||||
Retained Earnings | 12,345 | |||||
Dividends | 4,035 | |||||
Service Revenue | 12,625 | |||||
Salaries and Wages Expense | 7,875 | |||||
Rent Expense | 2,182 | |||||
Depreciation Expense | 223 | |||||
Interest Expense | 161 | |||||
Interest Payable | 161 | |||||
$65,338 Prepare an income statement. |
| $65,338
|
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