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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
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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