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Student Co. Adjusted Trial Balance June 30, 2021 Instructions: Debit Balances Credit Balances 1. Prepare an income statement for the year ended June 30. Cash
Student Co. Adjusted Trial Balance June 30, 2021 Instructions: Debit Balances Credit Balances 1. Prepare an income statement for the year ended June 30. Cash 1687 Accounts Receivable 6,400 2. Prepare statement of owner's equity for the year ended June 30. Additional investments were made during the year, 15,600. Supplies 3.600 Prepaid lusurance 3,900 3. Prepare a balance sheet as of June 30. Equipment 232,600 Accumulated Depreciation 132.700 4. Based upon the adjusted trial balance, journalize the closing entries. Accounts Payable 1687 5. Prepare a post-closing trial balance. Rond Payable 1,400 1,100 Wages Payable Sara Ricchi, Capital 105,600 End of document Sara Ricchi, Drawing 1510 Fees earned 232.200 Interest Revenue 1510 Wage: Expense 126,300 Rest Expense 45,000 Utilities Expesso 19,700 Supplies Expense 17,900 Depreciation Expense 6,500 Insurance Expense 5.700 Miscellaneous Expense 5.400
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