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Problem # 3 XYZ Company Adjusted Trial Balance Debit Credit Cash $ 9,800 Accounts receivable 8,250 Supplies 2,300 Prepaid Advertising 3,800 Trucks 32,300 Accumulated
Problem # 3 XYZ Company Adjusted Trial Balance Debit Credit Cash $ 9,800 Accounts receivable 8,250 Supplies 2,300 Prepaid Advertising 3,800 Trucks 32,300 Accumulated depreciation-Trucks $ 12,800 7,600 Equipment Accumulated depreciation-Equipment 2,100 Accounts payable 1,200 Unearned service fees 6,700 Common Stock 20,000 Retained earnings 16,050 Dividends 12,000 Service fees earned 83,000 Wages expense 29,800 Rent expense 13,200 Insurance expense Supplies expense Advertising expense 4,900 5,100 8,000 Depreciation expense-Trucks Depreciation expense-Equipment Totals Required: 4,000 800 $141,850 $141,850 Prepare an Income Statement, a statement of Retained Earnings and a Balance Sheet. Also, calculate profit margin, current ratio, working capital, assets turnover and debt ratio.
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