Ford Motor Company

Adjusted Trial Balance as at 31 December 2026

	Debit ($)	Credit ($)
Cash	60,000
Accounts Receivable	70,000
Prepaid Insurance	10,000
Equipment	400,000
Accumulated Depreciation - Equipment		80,000
Accounts Payable		40,000
Unearned Revenue		30,000
Common Stock		300,000
Retained Earnings		100,000
Service Revenue		300,000
Salaries Expense	100,000
Rent Expense	40,000
Depreciation Expense	20,000
Total	1,000,000	1,000,000

Required:

1. Prepare the Ledger Accounts for the above adjusted trial balance.
2. Calculate the Income Statement for the year ended 31 December 2026.
3. Prepare the Balance Sheet as at 31 December 2026.