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Prepare an Income Statement using the Trial Balance below: Katies Kwilts Unadjusted Trial Balance March 31, 2019 Account Name DR CR Cash 35,650 Accounts Receivable
Prepare an Income Statement using the Trial Balance below:
Katies Kwilts | ||
Unadjusted Trial Balance | ||
March 31, 2019 | ||
Account Name | DR | CR |
Cash | 35,650 | |
Accounts Receivable | 15,900 | |
Office Supplies | 570 | |
Prepaid Insurance | 8,000 | |
Quilting Machine | 65,000 | |
Accumulated Depr - Machinery | 8,500 | |
Accounts Payable | 11,850 | |
Notes Payable | 23,750 | |
Common Stock | 25,000 | |
Dividends | 10,000 | |
Retained Earnings | 27,520 | |
Quilt Sales | 43,400 | |
Quilt Accessory Sales | 13,550 | |
Salaries Expense | 4,230 | |
Depreciation Exp - Machinery | 8,500 | |
Bookkeeper Expense | 2,580 | |
Insurance Expense | 1,250 | |
Cell Phone Service | 1,890 | |
Totals | 153,570 | 153,570 |
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