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Question 11 (15 points) The following is the Easton Company adjusted Trial Balance. Easton Company Adjusted Trial Balance December 31, 2018 Account Title Debit Credit
Question 11 (15 points) The following is the Easton Company adjusted Trial Balance. Easton Company Adjusted Trial Balance December 31, 2018 Account Title Debit Credit Cash $88,665 232,400 17,000 395,000 Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Capital Stock Retained Earnings $224,260 72,555 220,000 127,145 881,105 5,500 Service Revenue Interest Income 9,000 59,500 529,000 Dividends Rent Expense Wages Expense Supplies Expense Utilities Expense Depreciation Expense 42,000 8,000 150,000 Totals $1,530,565 $1,530,565 Use this information to prepare the Single-Step Income Statement for the fiscal year. There are additional lines in the formatted income statement form to allow for authorized alternate presentations
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