Steelman Accounting Services, Inc

Adjusted Trial Balance

December 31

Adjusted Trial Balance Account Title Debit Credit

Accounts Receivable $89,300 (Debit)

Supplies 50,000(Debit)

Prepaid Rent 15,000(Debit)

Equipment 250,000 (Debit)

Accumulated DepreciationEquipment $75,000 (Credit)

Accounts Payable 26,100(Credit)

Wages Payable 6,000(Credit)

Note Payable 30,000(Credit)

Common Stock 90,000(Credit)

Retained Earnings 52,000(Credit)

Service Revenue 405,000 (Credit)

Wages Expense 130,000(Debit)

Depreciation Expense 25,000(Debit)

Interest Expense 1,800(Debit)

Property Tax Expense 31,500(Debit)

Rent Expense 60,000(Debit)

Supplies Expense 19,500(Debit)

Utility Expense 12,000(Debit)

Total $684,100 $684,100

Required: Prepare a single-step income statement.