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Lori's Bath Supplies has the following Adjusted Trial Balance as of Dec. 31, 2017. Prepare The Income Satement and Balance Sheet doe 2017. Account Debit
Lori's Bath Supplies has the following Adjusted Trial Balance as of Dec. 31, 2017. Prepare The Income Satement and Balance Sheet doe 2017. Account Debit Credit Cash $10,500 Accounts Receivable 3,800 Inventory 3,000 Store Supplies 1,900 Prepaid Insurance 1,500 Land 28,000 Building 50,000 Accumulated DepreciationBuilding $10,000 Store Equipment 27,000 Accumulated DepreciationStore Equipment 15,625 Accounts Payable 9,000 Notes Payable due in one year 4,500 Salaries Payable 1,000 Income Tax Payable 12,000 Common Stock 31,655 Retained Earnings 4,920 Revenue 63,000 Rent Expense 7,000 Salaries Expense 14,000 Depreciation ExpenseBuilding 3,500 Depreciation ExpenseStore Equipment 1,500 ________ TOTALS $151,700 $151,700
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