Question
The adjusted trial balance for Carla Vista Co. is given below Trial Balance August 31, 2017 Before Adjustment After Adjustment Dr. Cr. Dr. Cr. Cash
The adjusted trial balance for Carla Vista Co. is given below
Trial Balance
August 31, 2017
Before Adjustment After Adjustment
Dr. Cr. Dr. Cr.
Cash $11,000 $11,000
Accounts Receivable 8,040 8,690
Supplies 2,870 1,100
Prepaid Insurance 4,000 2,550
Equipment 16,480 16,480
Accumulated Depreciation-Equipment 3,708 4,908
Accounts Payable 5,210 5,210
Salaries and Wages Payable 0 1,380
Unearned Revenue 2,200 1,250
Common Stock 18,120 18,120
Retained Earnings 5,080 5,080
Dividends 2,640 2,640
Service Revenue 34,080 34,730
Rent Revenue 12,500 13,450
Salaries and Wages Expense 16,580 17,960
Supplies Expense 0 1,770
Rent Expense 19,288 19,288
Insurance Expense 0 1,450
Depreciation Expense 0 1,200
$80,898 $80,898 $84,128 $84,128
(a) Prepare the income statement for the year ended August 31.
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