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hello gents please help me with this question The adjusted Trial Balance of Thao Company, owed by D. Thao, is as follows: THAO COMPANY Adjusted
hello gents
please help me with this question
The adjusted Trial Balance of Thao Company, owed by D. Thao, is as follows: THAO COMPANY Adjusted Trial Balance For the Year Ended December 31, 2018 Dr. $5,300 10,800 1,500 2,000 27,000 Account Titles Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation ---Equipment Notes Payable Accounts Payable Salaries and wages Payable Interest Payable Owner's Capital Owner's Drawings Service Revenue Advertisement Expense Supplies Expense Depreciation Expense Insurance Expense Salaries and wages Expense Interest Expense TOTAL $ 5,600 15,000 6,100 2,400 600 13,000 61,000 7,000 8,400 4,000 5,600 3,500 28,000 600 $ 103,700 $ 103,700 Required: Prepare an Income Statement, Owner's Equity Statement, and a classified Balance Sheet for the year December 31, 2018. (Note: $5,000 of the note payable becomes due in 2019). Thao did not make any additional investments in the business during the yearStep by Step Solution
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