Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 2 The adjusted trial balance for Oriole Company is given below: Cr. Cr. ORIOLE COMPANY Trial Balance August 31, 2017 Before Adjustment Dr. $10,460

image text in transcribedimage text in transcribed

Question 2 The adjusted trial balance for Oriole Company is given below: Cr. Cr. ORIOLE COMPANY Trial Balance August 31, 2017 Before Adjustment Dr. $10,460 9,010 3,000 4,150 16,950 After Adjustment Dr. $10,460 9,510 1,240 2,890 16,950 $3,814 $5,014 5,870 5,870 1,530 2,200 1,350 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation- Equipment Accounts Payable Salaries and Wages Payable Unearned Rent Revenue Common Stock Retained Earnings Dividends Service Revenue Rent Revenue Salaries and Wages Expense Supplies Expense Rent Expense Insurance Expense Depreciation Expense 14,900 5,540 14,900 5,540 2,920 2,920 33,780 12,020 34,280 12,870 16,370 0 15,264 17,900 1,760 15,264 1,260 1,200 $81,354 $78,124 $78,124 $81,354 (a) Prepare the income statement for the year ended August 31. ORIOLE COMPANY Income Statement SHOW LIST OF ACCOUNTS LINK TO TEXT VIDEO: SIMILAR EXERCISE Attempts: 0 of 1 used SAVE FOR LATER SUBMIT ANSWER (b) The parts of this question must be completed in order. This part will be available when you complete the part above

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Sound Investing, Chapter 18 - Significant Accounting Policies And Changes In Them

Authors: Kate Mooney

3rd Edition

0071719407, 9780071719407

More Books

Students also viewed these Accounting questions