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Please help me complete an income statement. Attached below is the adjusted trial balances. Thank you! Prepare an adjusted trial balance in proper format. Account
Please help me complete an income statement. Attached below is the adjusted trial balances. Thank you!
Prepare an adjusted trial balance in proper format. | ||
Account Title | Debits | Credits |
Cash | $97,318.00 | |
Accounts Receivable | $22,000.00 | |
Inventory | $26,500.00 | |
Prepaid Rent | $3,500.00 | |
Notes Receivable | $20,000.00 | |
Equipment | $15,000.00 | |
Office Supplies | $850.00 | |
Utilities Expense | $1,500.00 | |
Accumulated Depreciation-Equipment | $167.00 | |
Accounts Payable | $35,850.00 | |
Notes Payable | $25,000.00 | |
Utilities Payable | $1,500.00 | |
Payroll Taxes | $1,618.00 | |
Interest Payable | $21.00 | |
Income Tax Payable | $5,842.31 | |
Common Stock | $100,000.00 | |
Unearned Sales Revenue | $2,200.00 | |
Dividends | $1,000.00 | |
Sales Revenue | $57,000.00 | |
Cost of Goods Sold | $28,500.00 | |
Salaries Expense | $3,500.00 | |
Rent Expense | $3,500.00 | |
Depreciation Expense | $167.00 | |
Interest Expense | $21.00 | |
Income Tax Expense | $5,842.31 | |
$229,198.31 | $229,198.31 | |
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