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Kendall Corporation just completed operations for the year ending December 31, 2020. Accounts from the adjusted trial balance dated December 31, 2020 are listed in
Kendall Corporation just completed operations for the year ending December 31, 2020. Accounts from the adjusted trial balance dated December 31, 2020 are listed in alphabetical order below: Prepare the income statement. Account Title Accounts Payable Accounts Receivable Accumulated Depreciation - Equipment Cash Balance Debit Credit $16,200 $15,000 32,000 30,000 36,000 Common Stock Depreciation Expense Equipment 10,000 Dividends 5,000 Equipment 70,000 Insurance Expense 2,000 1,800 Interest Expense Notes Payable (due March 31, 2021) 10,000 Notes Payable (due March 31, 2021) Office Supplies 4,000 Office Supplies Expense 2,000 Prepaid Insurance 12,000 Retained Earnings December 31, 2019 Salaries Expense Salaries Payable Service Revenue Unearned Revenue (short-term) Utilities Expense Totals 10,000 17,000 6,000 7.000 5,000 65,000 8.000 $177.000 $177.000 Edit View Insert Format Tools Table 12pt Paragraph BIVA 20 9 2005 20 83 $4 E R 85 T 9A &7 Y J
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