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Martinez Company ended its fiscal year on July 31, 2019. The company's adjusted trial balance as of the end of its fiscal year is shown
Martinez Company ended its fiscal year on July 31, 2019. The company's adjusted trial balance as of the end of its fiscal year is shown below. Martinez Company Adjusted Trial Balance July 31, 2019 No. Account Titles 101 Cash 112 Accounts Receivable 157 Equipment Debit Credit $11,000 8,500 16,400 158 Accumulated Depreciation-Equip. $7,900 201 Accounts Payable 4,800 208 Unearned Rent Revenue 1,800 311 Common Stock 19,000 320 Retained Earnings 28,100 332 Dividends 16,500 400 Service Revenue 64,300 429 Rent Revenue 6,900 711 Depreciation Expense 9,500 726 Salaries and Wages Expense 56,300 732 Utilities Expense 14,600 $132,800 $132,800 (a1) Prepare an income statement for the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) eTextbook and Media List of Accounts Save for Later Martinez Company Income Statement 69 69- +A Attempts: 0 of 5 used Submit Answer (a2) Prepare an retained earnings statement for the year. Martinez Company Retained Earnings Statement For the Year Ended July 31, 2019 $ $ $ eTextbook and Media List of Accounts Save for Later Martinez Company Balance Sheet For the Year Ended July 31, 2019 Assets $ Liabilities and Stockholders' Equity $ $ $ $ $ Attempts: 0 of 5 used Submit
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