Question
Make an income statement, make a statement of retained earnings and make a classified balance sheet Cash 45000 Account Receivable 10000 Supplies 300 Prepaid Rent
Make an income statement, make a statement of retained earnings and make a classified balance sheet
Cash 45000
Account Receivable 10000
Supplies 300
Prepaid Rent 1200
Interest Receivable 100
Prepaid insurance 480
Equipment 30000
Notes Receivable 2000
Accumulate depreciation (building) 7500
Accumulate depreciation (equipment) 6250
Interest Revenue 100
Buildings 70000
Salaries expenses 75000
Interest expenses 375
Land 28120
Supplies expenses 1140
Account Payable 30000
Notes Payable 5000
Interest Payable 375
Depreciation expenses (buildings) 1500
Depreciation expenses (equipment) 1250
Advertising expenses 600
Rent expenses 3800
Common stock 50000
Rent expenses 4800
Retained earnings 84575
Insurance expenses 960
Service revenue 180000
Salaries Payable 3500
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