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Styles MODULE 2 FINANCIAL STATEMENTS Below is the adjusted trial balance for Shady's Illusions. Use this information to prepare Shady's. INCOME STATEMENT and BALANCE SHEET
Styles MODULE 2 FINANCIAL STATEMENTS Below is the adjusted trial balance for Shady's Illusions. Use this information to prepare Shady's. INCOME STATEMENT and BALANCE SHEET for the year. No. 101 Credit I 109 111 Debit 158,000 25,000 80,000 112 200 201 Account title Cash Office Supplies Equipment Accumulated Depreciation--Equipment Accounts Payable Wages Payable S. Shady, Capital S. Shady, Withdrawals Entertainment Revenue Rent Expense Gas and Oil Expense Wages Expense Depreciation Expense-Equipment Legal Expense Totals 44,000 33,000 12,000 129,700 300 301 25,000 400 228,000 510 511 512 513 26,800 3,000 105,000 12,500 11,400 446.700 514 446.700
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