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How do I use the following answers to fill out an income statement and adjusted trial balance? Please hit LIKE button iM this helped. For
How do I use the following answers to fill out an income statement and adjusted trial balance?
Please hit LIKE button iM this helped. For any turther explanation, please put your query In comment, wl get back to you. Requirement 2 & Requirement 1&3&4G Cash Debit Credit $2.00 s 2400 2280 S 7800 s4,100 Ending Bwlance361 $240 raid rmt for three months Accounts Receivable S 13,000 Debit Ending Balance 2,900 s 13,cco g trurk nunchaved oocnun) tnding Dalanc 5 12,0c0 Supplies Expense S 1,800 s 1,EC0 2,000 Cash 2,280 Ending Balance 2.110 eing preai puid for insuvance 2,40 p Repair Revenue eing service completed Lled! Depreciation Expensc Repair Revenue $4,000 Trurks eing sete compieted coected AcvurtisirgExp elephone Expens Ending Balance361 5 10 Truck Operating Expa $ 5,00 Ending Balance 170 7.800 Rent Ca Debit 5 1,000 Ending Balancc 15,400 1,c00 $ 3,000 s 2,000 Incomc Tax Expensc $ 7,cco Balance! $ 2,000 Ending Balance100 No Entry No Entry Repair Revenue Credit s 2cco Endig Balancc 17.000 Truck Operating Exp20 Ending Balancc 100 Debit $2,00 2,c00 Utlities Expensc Interest Eapense Insurance Expense Ending Balance 1,300 Rent Expsnse eing one month insurance expired Ending Balancc 1,500 Unused Supplies Supplis Experee Leing unused supples recorded 2,00 $2,000 Urearned Revenus deing unearned revenue recordes) Truck Operatirg Expense Credit aces Payshe deing woges to be pald rerorded S 2S00 Ending Balance 1,500 deing depreciationxvense recorded cume Tax Expun Income Tax Paysble eeing income tax expense recovded) indine Balane 9.90oStep by Step Solution
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