Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please answer fast I have exam 20 minutes left Question 15 (15 points) Saved The year-end adjusted Trial Balance for Gram's Publishing is as follows:

image text in transcribed

please answer fast I have exam 20 minutes left

Question 15 (15 points) Saved The year-end adjusted Trial Balance for Gram's Publishing is as follows: Gram's Publishing Trial Balance December 31, 2018 Credit $ Debit 13,500 3,200 100,000 170,500 14,000 3,000 Cash Accounts receivable Land Building Accumulated depr ciation, building Copyright Accounts payable Unearned revenue James Gram, capital James Gram, withdrawals Publishing revenue Depreciation expense, building Insurance expense Rent expense Office supplies expense Repairs expense Telephone expense 4,630 5,000 59,370 5.000 231,000 5,000 900 9,000 900 2,000 1,000 314,000 S 5 314.000 REQUIRED: Prepare the income Statement and the Changes in Owner's Equity Statement in good format from the above adjusted Trial Balance. Use the forms provided below

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting For Managers Text And Cases

Authors: William J. Bruns

3rd Edition

0324291213, 978-0324291216

More Books

Students also viewed these Accounting questions

Question

Did you add the logo at correct size and proportion?

Answered: 1 week ago

Question

Did you ask for action?

Answered: 1 week ago