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Exercise 3-18 a-c (Video) The adjusted trial balance for Oriole Company is shown below. ORIOLE COMPANY Trial Balance August 31, 2020 Before Adjustment After Adjustment
Exercise 3-18 a-c (Video) The adjusted trial balance for Oriole Company is shown below. ORIOLE COMPANY Trial Balance August 31, 2020 Before Adjustment After Adjustment Dr. Cr. Dr. Cr. Cash $10,000 10,000 $10,000 9,000 2,500 3,800 14,300 500 2,500 14,300 $ 3,500 5,700 $ 4,400 5,700 0 Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation Equipment Accounts Payable Salaries and Wages Payable Unearned Rent Revenue Owner's Capital Service Revenue Rent Revenue Salaries and Wages Expense Supplies Expense Rent Expense Insurance Expense Depreciation Expense 1,500 16,200 33,800 11,000 1,400 800 16,200 34,800 11,700 16,900 0 15,200 18,300 2,000 15,200 1,300 900 0 0 $71,700 $71,700 $75,000 $75,000 Prepare the income statement for the year. ORIOLE COMPANY Income Statement $ $ $ Prepare the owner's equity statement for the year. ORIOLE COMPANY Owner's Equity Statement $ > $ Prepare the balance sheet at August 31. (List Assets in order of liquidity.) ORIOLE COMPANY Balance Sheet Assets $ $ $ Liabilities and Owner's Equity $
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