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Exercise 4-9 Roth Company ended its fiscal year on July 31, 2014. The company's adjusted trial balance as of the end of its fiscal year is shown below: ROTH COMPANY Adjusted Trial Balance July 31, 2014 No. Account Titles Debit Credit 10 Cash $9,033 1 11 Accounts Receivable 8,381 2 15 Equipment 16,180 7 16 Accumulated Depreciation$5,412 7 Equip. 20 Accounts Payable 2,552 1 20 Unearned Rent Revenue 4,440 8 31 Common Stock 19,460 1 32 Retained Earnings 19,722 0 33 Dividends 12,110 2 40 Service Revenue 64,309 4 42 Rent Revenue 6,466 9 71 Depreciation Expense 6,117 1 72 Salaries and Wages Expense 55,935 0 73 Utilities Expense 14,605 2 $122,36 1 $122,36 1 Don't show me this message again for the assignment Your answer is partially correct. Try again. Prepare an income statement for the year. (If the amount for net income is negative, enter negative amounts using either a negative sign preceding the number, e.g. -45 or parentheses e.g. (45).) ROTH COMPANY Income Statement For the Year Ended July 31, 2014 EQAT_ 13697342 Revenues $ Rent Revenue 64309 Income Summar 6466 $ EQAT_ 13697342 Total Revenues 57843 $ $ Don't show me this message again for the assignment Show List of Accounts Link to Text Your answer is incorrect. Try again. Prepare an retained earnings statement for the year. ROTH COMPANY Retained Earning Statement For the Year Ended July 31, 2014 $ : $ $ Don't show me this message again for the assignment Show List of Accounts Link to Text Your answer is incorrect. Try again. Prepare a classified balance sheet at July 31. (List current assets in order of liquidity.) ROTH COMPANY Balance Sheet July 31, 2014 Assets $ $ : $ Liabilities and Stockholders' Equity $ $ $ Don't show me this message again for the assignment Click if you would like to Show Work for this question: Open Show Work Exercise 4-4 The adjusted trial balance columns of the worksheet for Albanese Company are as follows. ALBANESE COMPANY Worksheet (partial) For the Month Ended April 30, 2014 Adjusted Trial Balance Account Titles Dr. Cr. Cash 7,197 Accounts Receivable 7,619 Prepaid Rent Equipment Accumulated Depreciation Equip. Notes Payable 2,349 23,293 5,365 5,616 Accounts Payable 5,340 Common Stock 22,858 Retained Earnings Dividends 4,594 3,567 Service Revenue Salaries and Wages Expense 12,177 10,413 Rent Expense 865 Depreciation Expense 647 Interest Expense Interest Payable Totals 64 64 56,014 56,014 Don't show me this message again for the assignment Journalize the closing entries at April 30. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Don't show me this message again for the assignment Show List of Accounts Link to Text Post the closing entries. (Post entries in the order of journal entries posted in the previous part of the question.) Income Summary Retained Earnings Don't show me this message again for the assignment Show List of Accounts Link to Text Prepare a post-closing trial balance at April 30. ALBANESE COMPANY Post-Closing Trial Balance April 30, 2014 Debit Credit $ $ $ $