Question
Presented below is the adjusted trial balance for Cooper Company on December 31, 2015. COOPER COMPANY Adjusted Trial Balance December 31, 2015 Dr. Cr. Cash
Presented below is the adjusted trial balance for Cooper Company on December 31, 2015.
COOPER COMPANY
Adjusted Trial Balance
December 31, 2015
Dr. Cr.
Cash 1,500
Accounts Receivable 4,300
Prepaid Rent 2,100
Supplies 400
Automobile equipment 18,500
Accumulated depreciation
Automobile equipment $ 1,300
Accounts Payable 2,700
Unearned Revenue 3,660
Notes Payable 10,000
Common Stock 5,000
Retained Earnings 2,200
Dividends 1,200
Service Revenue 8,800
Salaries Expense 2,160
Utilities Expense 1,400
Rent Expense 500
Supplies Expense 600
Depreciation Expense
Automobile Equipment 650
Interest Expense 350
Totals $33,660 $33,660
aUsing this information, prepare for the month ending December 31:
an income statement.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started