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For the Year Ended December 31 Adjusted Trial Balance Income Statement Balance Sheet Account Title Debit Credit Debit Credit Debit Credit Cash 16,000 16,000 Accounts
For the Year Ended December 31 Adjusted Trial Balance Income Statement Balance Sheet Account Title Debit Credit Debit Credit Debit Credit Cash 16,000 16,000 Accounts Receivable 6,000 6,000 Supplies 2,000 2,000 Equipment 19,000 19,000 Accumulated Depr. 6,000 6,000 Accounts Payable 10,000 10,000 Wages Payable 2,000 2,000 Common Stock 5,000 5,000 Retained Earnings 8,680 8,680 Dividends 1,000 1,000 Fees Earned 41,496 41,496 Wages Expense 19,228 19,228 Rent Expense 5,137 5,137 Depreciation Expense 4,811 4,811 Totals 73,176 73,176 29,176 41,496 44,000 31,680 Net Income (Loss) 12,320 12,320 41,496 41,496 44,000 44,000 The ending balance of retained earnings is a $0
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