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Exercise 4-9 Novak Company ended its fiscal year on July 31, 2019. The company's adjusted trial balance as of the end of its fiscal year
Exercise 4-9 Novak Company ended its fiscal year on July 31, 2019. The company's adjusted trial balance as of the end of its fiscal year is shown below. No. Credit Debit $10,900 8,600 15,500 101 112 157 158 201 208 311 320 332 400 429 711 726 732 Novak Company Adjusted Trial Balance July 31, 2019 Account Titles Cash Accounts Receivable Equipment Accumulated Depreciation-Equip. Accounts Payable Unearned Rent Revenue Common Stock Retained Earnings Dividends Service Revenue Rent Revenue Depreciation Expense Salaries and Wages Expense Utilities Expense $7,000 4,100 1,700 17,200 29,400 16,500 65,000 6,500 8,000 56,400 15,000 $130,900 $130,900 Prepare an income statement for the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Novak Company Income Statement Prepare a retained earnings statement for the year. Novak Company Retained Earnings Statement Prepare a classified balance sheet at July 31. (List Current Assets in order of liquidity.) Novak Company Balance Sheet Assets $ Liabilities and Stockholders' Equity
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