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Solomon Corporation's adjusted trial balance for the year ending December 31, 2013, is: Solomon Corporation Adjusted Trial Balance December 31, 2013 Debit Credit Cash $4,400
Solomon Corporation's adjusted trial balance for the year ending December 31, 2013, is: Solomon Corporation Adjusted Trial Balance December 31, 2013 Debit Credit Cash $4,400 Accounts Receivable 7,150 Equipment 85,800 Accumulated Depreciation $15,400 Notes Payable 11,000 Common Stock 47,300 Retained Earnings 13,860 Service Fees Earned 78,100 Rent Expense 19,800 Salaries Expense 40,810 Depreciation Expense 7,700 Totals $165,660 $165,660 (a) Prepare its income statement and statement of stockholders' equity for the current year, and its balance sheet for the current year-end. Cash dividends were $8,800 and there were no stock issuances or repurchases. For the income statement, enter credit balances as positive numbers and debit balances as negative balances
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