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Laker Incorporated's fiscal year-end is December 31, 2018. The following is an adjusted trial balance as of December 31. Credit Accounts Debit 12,000 Cash 39,000
Laker Incorporated's fiscal year-end is December 31, 2018. The following is an adjusted trial balance as of December 31. Credit Accounts Debit 12,000 Cash 39,000 Supplies 30,000 Prepaid Rent 3,000 Accounts Payable Notes Payable 30,000 Common Stock 40,000 9,000 Retained Earnings 4,000 Dividends 54,000 Service Revenue Salaries Expense 20,000 13,000 Advertising Expense Rent Expense 10,000 Utilities Expense 8,000 136,000 136,000 Totals
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