Answered step by step
Verified Expert Solution
Question
1 Approved Answer
How can I make a balance sheet and income statement from this? Credits Legal Services Inc: Adjusted Trial Balance at 12/31 Account Title Debits Cash
How can I make a balance sheet and income statement from this?
Credits Legal Services Inc: Adjusted Trial Balance at 12/31 Account Title Debits Cash 151000 Accounts Receivable 51000 Supplies 1200 Pre-Paid Rent 6500 Office Equipment 24000 Accumulated Depreciation Unearned Revenue Accounts Payable Salaries Payable Interest Payable Bank Notes Payable Common Stock Retained Earnings 3000 Service Revenue Salaries Expense 42500 Rent Expense 5500 Interest Expense 2000 Depreciation Expense 3500 Supplies Expense 7100 3500 37500 2300 12500 2000 20000 75000 144500 Total 297300 297300Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started