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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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