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I am not sure where im going wrong with this, could you please help me? Thank you! GREEN LAWNS, INC. ADJUSTED TRIAL BALANCE DECEMBER 31.
I am not sure where im going wrong with this, could you please help me? Thank you!
GREEN LAWNS, INC. ADJUSTED TRIAL BALANCE DECEMBER 31. CURRENT YEAR Accounts receivable Supplies . Equipment Accumulated depreciation; equipment Accounts payable . , I ncome payable Capral stock Retained earnings Dividends Lawn care revenue earned . Sa expense Supply expense Advertising expense. Depreciation expense: equipment . Income taxes expense _ s 218.640 10.800 28,800 $ 12,000 8.400 108,000 4.800 230.400 124.800 2,880 720 2.400 27.840 S 422.400 S422.400 a. b. Prepare an income statement and statement Of retained earnings for the year ended December 31 , current year. Also prepare the company 's balance sheet dated December 31, Current year. Does the company appear to be liquid? Defend your answer. Has the company been profitable in the past? Explain.
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