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Prepare an income statement for the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Prepare
Prepare an income statement for the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Prepare a retained earnings statement for the year. Prepare a classified balance sheet at July 31. (List Current Assets in order of liquidity.)
Bramble Company ended its fiscal year on July 31, 2019. The company's adjusted trial balance as of the end of its fiscal year is shown below. Bramble Company Adjusted Trial Balance July 31, 2019 Account Titles Debit Credit 101 Cash $10,800 112 Accounts Receivable 9,400 157 Equipment 16,500 158 Accumulated Depreciation-Equip. $7,200 4,000 201 208 Accounts Payable Unearned Rent Revenue 2,400 20,600 Common Stock 311 320 332 25,000 Retained Earnings Dividends 16,500 400 Service Revenue 64,500 429 Rent Revenue 7,000 711 Depreciation Expense 6,500 726 Salaries and Wages Expense 56,000 732 Utilities Expense 15.000 $130,700 $130,700
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