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QUESTION 4 The adjusted trial balance for Pinky Company were listed below: Accounts Adjusted Trial Balance Debit Credit Cash 15,000 Accounts Receivable 30,000 Prepaid
QUESTION 4 The adjusted trial balance for Pinky Company were listed below: Accounts Adjusted Trial Balance Debit Credit Cash 15,000 Accounts Receivable 30,000 Prepaid insurance 7,500 Office supplies 3,200 Land 40,000 Building 160,000 Accumulated depreciation 12,000 Building 75,000 Accumulated depreciation 8,500 Accounts payable 12,000 Salaries payable 2,000 Unearned service revenue 25,000 Mortgage payable 100,000 Share Capital 10,000 Retained earnings 11,290 Dividends paid 23,000 Service revenue 289,000 Salaries expense 61,000 Depreciation expense 6,150 Supplies expense 14,040 Insurance expense 14,000 20,900 469,790 469.790 Utilities expense Required for the fiscal year ended July 31, 2018: 1. Prepare income statement 2. Prepare Statement of Retained Earnings 3. Prepare balance sheet USE GOOGLE SHEET OR MICROSOFT EXCEL IN PREPARING THE STATEMENTS.
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