Question
Kristen Company Adjusted Trial Balance July 31, 2014 No. Account Titles Debits Credits 101 Cash $9,840 112 Accounts Receivable 8,140 157 Equipment 15,900 167 Accumulated
| Kristen Company | |||
| Adjusted Trial Balance | |||
| July 31, 2014 | |||
| No. | Account Titles | Debits | Credits |
| 101 | Cash | $9,840 | |
| 112 | Accounts Receivable | 8,140 | |
| 157 | Equipment | 15,900 | |
| 167 | Accumulated DepreciationEquip. | $5,400 | |
| 201 | Accounts Payable | 2,220 | |
| 208 | Unearned Rent Revenue | 3,800 | |
| 311 | Common Stock | 18,000 | |
| 320 | Retained Earnings | 20,260 | |
| 332 | Dividends | 12,000 | |
| 404 | Service Revenue | 64,000 | |
| 429 | Rent Revenue | 6,500 | |
| 711 | Depreciation Expense | 3,700 | |
| 720 | Salaries and Wages Expense | 55,700 | |
| 732 | Utilities Expense | 14,900 | |
| $120,180 | $120,180 | ||
Instructions
a) Prepare the income statement, retained earnings statement and the classified balance sheet.
1) Kristen CO For the QUARTER ended July 31, 2014 Income Statement
2) Kristen CO, Retained earnings statement for the QUARTER ended July 31 2014
3) Kristen CO, Balance Sheet July 31 2014
Please answer and write neatly for thumbs up. Thank you in advance.
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Fundamental financial accounting concepts
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
8th edition
978-007802536, 9780077648831, 0078025362, 77648838, 978-0078025365
