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Prepare a Balance Sheet & Income Statement from the Trial Balance below as of March 31st for Bob Dog in the space below. Hint: You
Prepare a Balance Sheet & Income Statement from the Trial Balance below as of March 31st for Bob Dog in the space below. Hint: You need Retained Earnings in Stockholder's equity after you complete the income statement. Cash Debits $42,250 Credits Accounts Receivable $12,400 Prepaid Rent $12,000 Supplies $8,000 Equipment $4,000 Accounts Payable $11,000 Deferred Revenues $2,400 Notes Payable $9,500 Common Stock $56,000 Service Revenue $2,500 Wages Expense $2,000 Utilities Expense $750 Totals $81,400 $81,400 Balance Sheet Assets: Liabilities & Stockholders equity: Income Statement Expenses: Net Income
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