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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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