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From the Adjusted Trial Balance below, please prepare: a. An Income Statement in proper format. b. A Statement of Retained Earnings in proper format. c.
From the Adjusted Trial Balance below, please prepare: a. An Income Statement in proper format. b. A Statement of Retained Earnings in proper format. c. A Statement of Financial Position in proper format. Eventia Inc. Adjusted Trial Balance For the month ended November 30, 2012. DR CR Cash 14049 Accounts Receivable 7840 Supplies 1000 Prepaid Rent 2280 Equipment 23050 Acc. Dep. (Equipment) Notes Payable Accounts Payable Interest Payable Common Stock Retained Earnings Dividends 3650 Service Revenue Salaries Expense 9840 Rent Expense 760 Depreciation Expense 671 Interest Expense 60 4918 5700 5972 60 30000 3960 12590 TOTALS 63200 63200 Eventia Inc. Income Statement For the Month Ended November 30, 2010 Revenue Service Revenue Total Revenue Expenses Salaries Expense Rent Expense Depreciation Expense Interest Expense Total Expenses Net Income Eventia Inc. Statement of Retained Earnings For the Month Ended November 30, 2010 Beginning balance, October 1, 2010 Add: Net Income for the month October Less: Dividends declared and paid Ending balance, October 31, 2010 Premier Planning Balance Sheet 30-Nov-10 Assets Cash Accounts Receivable Supplies Prepaid Rent Equipment Less: Accum. Depreciation - Equipment Total Assets Liabilites & Owners' Equity Liabilites Accounts Payable Notes Payable Interest Payable Total Liabilities Owners' Equity Common Stock Retained Earnings Total Owner's Equity Total Liabilites & Owner's Equity
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