Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Following is the adjusted trial balance of Post Company. Based on this information prepare a Balance Sheet, Income Statement and Statement of Retained Earnings. (You

image text in transcribed
image text in transcribed
Following is the adjusted trial balance of Post Company. Based on this information prepare a Balance Sheet, Income Statement and Statement of Retained Earnings. (You will also use this information in another problem). POST COMPANY ADJUSTED TRIAL BALANCE Debit Credit Cash 80,000 Accounts Receivable 12.000 Prepaid Insurance 2,000 Equipment 4,000 Accumulated 100 Depreciation Supplies 400 Accounts Payable 800 Wages Payable 200 Unearned Revenue 1,200 Contributed Capital 82,400 Retained Earnings O Sales 16.000 Gas Expense 200 Supply Expense 400 Insurance Expense 400 Depreciation Expense 100 Wage Expense 200 Dividends 1.000 100.700 100.700

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions