Netflix Inc.

Adjusted Trial Balance as at 31 December 2024

	Debit ($)	Credit ($)
Cash	35,000
Accounts Receivable	50,000
Prepaid Expenses	15,000
Buildings	400,000
Accumulated Depreciation - Buildings		90,000
Accounts Payable		25,000
Unearned Revenue		30,000
Common Stock		200,000
Retained Earnings		100,000
Service Revenue		250,000
Salaries Expense	90,000
Rent Expense	35,000
Depreciation Expense	20,000
Total	895,000	895,000

Required:

1. Prepare the Ledger Accounts for the above adjusted trial balance.
2. Calculate the Income Statement for the year ended 31 December 2024.
3. Prepare the Balance Sheet as at 31 December 2024.