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Please need help solving 1-3. Thank you in advance. :) The post closing trial balance for Alba Co at the year end December 31 2013
Please need help solving 1-3. Thank you in advance. :)
The post closing trial balance for Alba Co at the year end December 31 2013 showed the following account balances: 12,000 11,000 800 30,000 45,000 4,500 26,000 Cash Accounts Receivable Prepaid Insurance Guaranteed Investment Certificate Delivery Vans Communication Equipment Copyright Accounts Payable Wages Payable Vacation Payable Note Payable Alba Co, Capital Alba Co, Drawings Delivery Fees Earned Van Maintenance Expense Advertising Expense Wages Expense Depreciation Expense Insurance Expense 7,500 10,000 1,000 24,000 35,700 24,000 198,000 17,000 1,600 90,000 6,000 8,300 276,200 276,200 Required: 1) Prepare an income statement in good form in the box below. 2) Prepare a statement of equity in good form in the box below. 3) Prepare a balance sheet in good form in the box below Step by Step Solution
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