The adjusted trial balance columns of the worksheet for Alshwer Company are as follows.
I need help with the red squares in the last two images. I've attached the work I've done in case you need to reference it.
Here are the options for the drop-downs. Thank you.
Hi Lathila,
that is the entire question. There isnt any additional information. I am a bit confused as well
Service Revenue 400 61,000 61,000 610 Advertising Expense 8,400 8,400 Supplies Expense 631 4,000 4,000 Depreciation Expense 711 5,600 5,600 Insurance Expense 722 3,500 3,500 Salaries and Wages Expense 28.000 726 28,000 600 905 Interest Expense 600 Totals 103,700 103,700 53,600 50,100 61.000 42,700 Net Income 10,900 10,900 Totals 61,000 61,000 53,600 53,600 sHOW LIST Os ACCOUNTS SHOW ANSWER Prepare an income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) ALSHWER COMPANY Income Statement For the Year Ended December 31, 2017 * Revenues 61,000 Service Revenue Expenses Advertising Expense 8,400 Supplies Expense 4,000 Depreciation Expense 5,600 Insurance Expense 3,500 Salaries and Wages Exp 28,000 600 Interest Expense Total Expenses 50,100 10,900 Net Income/ (Loss) Prepare an retained earnings statement. (List items that increase retained earnings first.) ALSHWER COMPANY Retained Earnings Statement For the Year Ended December 31, 2017 Retained Earnings, January 1 3,000 Net Income /(Loss Add 10,900 13,900 Dividends Less 7,000 Retained Earnings, December 31 6,900 SHOW LIST OF ACCOUNTS SHOW SOLUTION SHOW ANSWER Service Revenue 400 61,000 61,000 610 Advertising Expense 8,400 8,400 Supplies Expense 631 4,000 4,000 Depreciation Expense 711 5,600 5,600 Insurance Expense 722 3,500 3,500 Salaries and Wages Expense 28.000 726 28,000 600 905 Interest Expense 600 Totals 103,700 103,700 53,600 50,100 61.000 42,700 Net Income 10,900 10,900 Totals 61,000 61,000 53,600 53,600 sHOW LIST Os ACCOUNTS SHOW ANSWER Prepare an income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) ALSHWER COMPANY Income Statement For the Year Ended December 31, 2017 * Revenues 61,000 Service Revenue Expenses Advertising Expense 8,400 Supplies Expense 4,000 Depreciation Expense 5,600 Insurance Expense 3,500 Salaries and Wages Exp 28,000 600 Interest Expense Total Expenses 50,100 10,900 Net Income/ (Loss) Prepare an retained earnings statement. (List items that increase retained earnings first.) ALSHWER COMPANY Retained Earnings Statement For the Year Ended December 31, 2017 Retained Earnings, January 1 3,000 Net Income /(Loss Add 10,900 13,900 Dividends Less 7,000 Retained Earnings, December 31 6,900 SHOW LIST OF ACCOUNTS SHOW SOLUTION SHOW
