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Prepare an Income Statement, Statement of Stockholders Equity, and Balance Sheet using the below trial balance for Alpo Corp. Alpo Trial balance Account Debit Credit
Prepare an Income Statement, Statement of Stockholders Equity, and Balance Sheet using the below trial balance for Alpo Corp.
Alpo Trial balance
Account | Debit | Credit |
Cash | 30,000 |
|
Accounts Receivable | 46,000 |
|
Allowance for Uncollectible Accounts |
| 6,000 |
Supplies | 2,000 |
|
Equipment | 40,000 |
|
Accumulated Depreciation |
| 1,000 |
Accounts Payable |
| 8,000 |
Common Stock |
| 91,000 |
Retained Earnings |
| 0 |
Service Revenue |
| 34,000 |
Salaries Expense | 12,000 |
|
Depreciation Expense | 1,000 |
|
Bad Debts Expense | 6,000 |
|
Dividends | 3,000 |
|
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