Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

how do I turn this into a income statement, statement of retained earnings and classified balance sheet? 5 Unadjusted Trial Balance 34,000 14,000 16,000 8,540

image text in transcribed

how do I turn this into a income statement, statement of retained earnings and classified balance sheet?

5 Unadjusted Trial Balance 34,000 14,000 16,000 8,540 84,000 14,000 9,100 0 0 6 Cash 7 Accounts receivable 8 Office supplies 9 Prepaid insurance 10 Office equipment 11 Accum Depreciation Office equip 12 Accounts payable 13 Interest payable 14 Salaries payable 15 Unearned consulting fees 16 Long-term notes payable 17 Common stock 18 Retained earnings 19 Dividends 20 Consulting fees earned 21 Depreciation expense Office equip. 22 Salaries expense 23 Interest expense 24 Insurance expense 25 Rent expense 26 Office supplies expense 27 Advertising expense 28 29 Totals: 18,000 52,000 15,000 25,000 Adjusted Trial Balance 34,000 22,000 2,000 2,960 84,000 20,000 10,000 1,000 7,000 15,000 52,000 15,000 25,000 5,000 134,240 6,000 74,000 2,200 5.580 14,500 14,000 13,000 5.000 123,240 67,000 1,200 14,500 12.100 256,340 256,340 279,240 279,240 Sheet1

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Wall Street Mba

Authors: Reuben Advani

2nd Edition

007178831X, 9780071788311

More Books

Students also viewed these Accounting questions

Question

Are layers of support identified for students who struggle?

Answered: 1 week ago