Question
Wild Life (WL) Inc. has the following account balances on 31 December 2019. The year 2019 was the first year for the company. Account
Wild Life (WL) Inc. has the following account balances on 31 December 2019. The year 2019 was the first year for the company. Account Name JD Cash 12000 Ordinary Shares- Capital 10000 service Revenue 9500 Salaries Expense Equipment Accounts Payable 3200 11000 7500 Supplies Note Payable 800 ????? Dividends 1400 Rent Expense 600 Requirements: 1-Prepare the Trial Balance for the year ended 31, December,2019 [2Marks]. 2-Prepare the Income Statement for the year ended 31, December, 2019 [2Marks]. 3- Prepare the Retained Earnings Statement for the year ended 31December,2019 (1 Mark). 4-Prepare the Statement of Financial Position (Balance Sheet) as of 31 December,2019 [2 Marks].
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
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