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From the following Company Y adjusted trial balance, prepare simple financial statements, as follows: Adjusted Trial Balance Debit Credit Cash $32,000 Accounts Receivable 19,300
From the following Company Y adjusted trial balance, prepare simple financial statements, as follows: Adjusted Trial Balance Debit Credit Cash $32,000 Accounts Receivable 19,300 Prepaid Insurance 6,400 Land 12,000 Accounts Payable $11,900 Salaries Payable 6,000 Common Stock 32,000 Retained Earnings 4,200 Dividends 9,000 Service Revenue 77,000 Insurance Expense 5,600 Salaries Expense 24,000 Miscellaneous Expense 22,800 $131,100 $131,100 A. Prepare an income statement for Company Y. Company Y Income Statement For the Year Ended December 31, 20XX Revenues:
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