Question
Green Advertising Services Adjusted Trial Balance December 31, 2018 Balance Account Title Debit Credit Cash $14,000 Accounts Receivable 15,800 Office Supplies 6,500 Land 18,400 Building
Green Advertising Services
Adjusted Trial Balance
December 31, 2018
Balance
Account Title
Debit
Credit
Cash
$14,000
Accounts Receivable
15,800
Office Supplies
6,500
Land
18,400
Building
47,900
Accumulated DepreciationBuilding
$36,100
Furniture
19,600
Accumulated DepreciationFurniture
14,100
Accounts Payable
10,600
Salaries Payable
7,200
Unearned Revenue
16,000
Common Stock
30,000
Retained Earnings
31,400
Dividends
18,300
Service Revenue
49,800
Salaries Expense
28,600
Supplies Expense
8,400
Depreciation ExpenseBuilding
2,900
Depreciation ExpenseFurniture
1,300
Advertising Expense
13,500
Total
$195,200
$195,200
Requirement 2. Prepare the statement of retained earnings for the year ending December 31,2018.
(Use a minus sign or parentheses to show a net loss.)
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| Statement of Retained Earnings |
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Requirement 3. Prepare the classified balance sheet as of December31,2018.
Use the account form.
Begin by preparing the asset section of the balance sheet and then prepare the liabilities and stockholders' equity sections. (If a box is not used in the balance sheet, leave the box empty; do not select a label or enter a zero. Abbreviation used: Accum. = Accumulated.)
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Corporate Accounting Information Systems
Authors: Tony Boczko
1st Edition
0273684876, 978-0273684879
