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I need an income statement from the following trial balance and T-accounts, please. 1 2 Part 3: Prepare a Trial Balance as of March 31
I need an income statement from the following trial balance and T-accounts, please.
1 2 Part 3: Prepare a Trial Balance as of March 31" for Bob Dog in the space below. 3 4 Account Name Debits Credits 5 Cash $39,250 6 accounts receivable 12400 7 supplies $8,000 8 prepaid rent 12000 9 equipment $4,000 10 service revenue $2,500 11 Notes payable $9,500 12 accounts payable $8,000 13 deferred service revenue $2,400 14 common stock 56000 15 wages expense $2,000 16 utilities expense $750 17 18 19 $78,400 78400 20 Totals 21 Cash Accounts Payable Cr. Dr. Cr. SO Beg. Bal Beg Bal. C a $ $7,500 Beg Bal $3,000 $2,000 C & 2,000 2,000 15001 e f Dr. $50,000 $ 1,000 $ $ 10,000 $ $ $ $ $39,250 8 5 h End. Bal. 1,500 12,000 500 750 $8,000 End. Bal. 5 71 3 End. Bal. Deferred Service Revenue Dr. Cr. Beg Bal. D e $1,400 Beg. Bal. $1,000 a 1 2 3 Beg. Bal. 4 d 5 Accounts Receivable Dr. Cr. $9,900 $2,500 End. Bal $2.400 End. Bal 000 $12,400 29 End. Bal 30 Common Stock Dr. Cr. Beg. Bal. $56,000 Beg. Bal. h Supplies Dr. ar $5,000 $3,000 End. Bal 31 32 33 34 Beg. Bal. 35 b 36 37 38 39 40 End, Bal 41 42 43 $56,000 End. Bal + $8,000 Equipment Service Revenue Utilities Expense Dr. Cr. Dr. Cr. Dr. 0 ar $0 Beg Bal. Beg. Bal. $2,500 d $0 $4,000 al. $0 $750 C $750 $2,500 End. Bal. End. Bal. al $4,000 Wages Expense Dr. ar Notes Payable Dr. Cr. $0 Beg. Bal. $10,000 500 Bal. $0 $2,000 e Bal $2,000 $9,500 End. Bal Prepaid Rent Dr. ar Bal. h $0 $12,000 3. Bal $12,000 1 2 Part 3: Prepare a Trial Balance as of March 31" for Bob Dog in the space below. 3 4 Account Name Debits Credits 5 Cash $39,250 6 accounts receivable 12400 7 supplies $8,000 8 prepaid rent 12000 9 equipment $4,000 10 service revenue $2,500 11 Notes payable $9,500 12 accounts payable $8,000 13 deferred service revenue $2,400 14 common stock 56000 15 wages expense $2,000 16 utilities expense $750 17 18 19 $78,400 78400 20 Totals 21 Cash Accounts Payable Cr. Dr. Cr. SO Beg. Bal Beg Bal. C a $ $7,500 Beg Bal $3,000 $2,000 C & 2,000 2,000 15001 e f Dr. $50,000 $ 1,000 $ $ 10,000 $ $ $ $ $39,250 8 5 h End. Bal. 1,500 12,000 500 750 $8,000 End. Bal. 5 71 3 End. Bal. Deferred Service Revenue Dr. Cr. Beg Bal. D e $1,400 Beg. Bal. $1,000 a 1 2 3 Beg. Bal. 4 d 5 Accounts Receivable Dr. Cr. $9,900 $2,500 End. Bal $2.400 End. Bal 000 $12,400 29 End. Bal 30 Common Stock Dr. Cr. Beg. Bal. $56,000 Beg. Bal. h Supplies Dr. ar $5,000 $3,000 End. Bal 31 32 33 34 Beg. Bal. 35 b 36 37 38 39 40 End, Bal 41 42 43 $56,000 End. Bal + $8,000 Equipment Service Revenue Utilities Expense Dr. Cr. Dr. Cr. Dr. 0 ar $0 Beg Bal. Beg. Bal. $2,500 d $0 $4,000 al. $0 $750 C $750 $2,500 End. Bal. End. Bal. al $4,000 Wages Expense Dr. ar Notes Payable Dr. Cr. $0 Beg. Bal. $10,000 500 Bal. $0 $2,000 e Bal $2,000 $9,500 End. Bal Prepaid Rent Dr. ar Bal. h $0 $12,000 3. Bal $12,000 Step by Step Solution
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