Answered step by step
Verified Expert Solution
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:
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 belowStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started