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read. 25. The adjusted trial balance for Molina Company is presented below MOLINA COMPANY Adjusted Trial Balance July 31, 2015 No. Account Titles Credits Debits

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read. 25. The adjusted trial balance for Molina Company is presented below MOLINA COMPANY Adjusted Trial Balance July 31, 2015 No. Account Titles Credits Debits 101 Cash $18,000 9,000 26,000 112 Accounts Receivable 157 Equipment 167 Accumulated Depreciatio-Equip 201 Accounts Payable 208 Unearned Rent Revenue 311 Common Stock 320 Retained Earnings 332 Dividends 400 Service Revenue 429 Rent Revenue 711 Depreciation Expense 726 Salaries and Wages Expense s 8,000 5,500 22,000 27,500 11,000 732 Utilities Expense 10,000 $145.000 Instructions: On a separate sheet of paper, (a) Prepare an income statement and a retained earnings statement for the year. (b) Prepare a classified balance sheet at July 31. (Worth 10 points)

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