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SRS Consulting Services Unadjusted Trial Balance 30-Sep-19 $ 15,000 11,200 1,350 3,000 20,000 39,100 Account Cash Accounts Receivable Supplies Prepaid Insurance Long Term Investments Equipment
SRS Consulting Services Unadjusted Trial Balance 30-Sep-19 $ 15,000 11,200 1,350 3,000 20,000 39,100 Account Cash Accounts Receivable Supplies Prepaid Insurance Long Term Investments Equipment Accumulated Depreciation-Equipment Accounts Payable Unearned Revenue Notes Payable Common Stock Retained Earnings Dividends Revenue Depreciation Salaries Expense Insurance expense Totals 8,100 9,500 1,900 30,000 25,000 4,700 5,000 24,000 3,300 4,650 600 103,200 $ $ 103,200 a. An inventory of supplies shows $650 on hand at 9/30/19 b. The insurance policy was purchased on July 1 for $3,600. The policy's term is one year. The insurance expired (used up") for September has not been recorded. c. Depreciation on equipment for the year totals $3,600. d. Previously recorded Unearned Revenue earned during September, $1,000. e. SRS's Note Payable is due in full on August 31, 2020. The interest accrued for September is $200 and is payable on October 4. f. SRS pays its employees biweekly. The last paycheck received by its employees was on September 25th Salaries accrued to September 30th are $600. g. Corporate income tax for the year is estimated to be $3,900. 1. Prepare an income Statement for the year ended Sept. 30, 2019 in proper form. (Don't forget the proper date). 2. Prepare a Statement of Retained Earning in proper form with proper dating. 3. Prepare a classified Balance Sheet in proper form with proper dating
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