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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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