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SSAY. Write your answer in the space provided or on a separate sheet of paper. 19) The adjusted trial balance of Idris Company is shown
SSAY. Write your answer in the space provided or on a separate sheet of paper. 19) The adjusted trial balance of Idris Company is shown below: Idris Company Adjusted Trial Balance December 31, 2020 $5,000 2,500 20,000 2,000 128,000 Accounts payable Rent expense 9,900 Depreciation expense 6,500 Dividends 5,000 Salary payable Cash 15,500 Common stock Unearned revenue (2 month advance) Supplies expense 1,800 Sales Salary expense 45,000 Prepaid rent (3 months) 3,000 Equipment, net 30,000 Cost of goods sold 50,000 Retained earnings Account receivable 12,500 Note payable - long term Supplies 2,000 Utilities expense 1,800 Total $183,000 18,500 7,000 $183,000 Prepare Idris Company's multistep income statement, statement of retained earnings and classified balance sheet for the year ended December 31, 2020
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