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Recording Transactions (Including Adjusting and Closing Entries), Preparing Financial Statements, and Performing Ratio Analysis Ben and Kelly Perry began operations of their Roof repair company
Recording Transactions (Including Adjusting and Closing Entries), Preparing Financial Statements, and Performing Ratio Analysis Ben and Kelly Perry began operations of their Roof repair company (Perry Roofing, Inc.) on January 1, 2015. The annual reporting period ends December 31. The trial balance on January 1, 2016, was as follows Debit Credit Cash Accounts Receivable 0,000 4,000 8,000 es ent Accumulated Depreciation (on Other assets (not detailed to sim Accounts Payable Notes Payable Wages payable Interest Pavable Income Taxes Payable Unearned revenue Common Stock (60,000 s Additional Paid-in Capital Retained Earnings Service revenue 9,000 12,000 6,000 9,000 4,000 s, S0.10 par value reciation se er Wage E Interest Ex Income Tax Remaining expense Totals se (not detailed to sim 31,000 31,000
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