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Prepare an Income statement from the following year end adjusted trial balance. Cash Accounts receivable Prepaid insurance office supplies office equipment Accumulated depreciation-office equipment Buildings
Prepare an Income statement from the following year end adjusted trial balance.
Cash Accounts receivable Prepaid insurance office supplies office equipment Accumulated depreciation-office equipment Buildings Accumulated depreciation-Buildings Land Wages payable Property taxes payable Interest payable Unearned revenue Long-term notes payable Common stock Retained earnings Dividends Services revenue Wages expense Utilities expense Property taxes expense Insurance expense office supplies expense Depreciation expense-office equipment Depreciation expense-Buildings Interest expense Totals $3,050 830 80 4,280 98,00 $1,100 28,000 115,000 880 1,408 2,200 460 150,800 30,800 10,340 67,500 29,00 2, 900 2,400 5, 800 250 400 5,570 3,800 $291,880 $291,880 Step by Step Solution
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