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The adjusted trial balance for Home Cookin Catering, Inc., is presented below. Prepare the income statement and statement of retained earnings for Home Cookin Catering,
The adjusted trial balance for Home Cookin Catering, Inc., is presented below. Prepare the income statement and statement of retained earnings for Home Cookin Catering, Inc., for the month ended March 31, 2018. Also prepare a balance sheet at March 31, 2018. Home Cookin Catering, Inc. Adjusted Trial Balance March 31, 2018 Account Debit Credit Cash $4,800 Accounts receivable 6,000 Supplies 400 Equipment 26,600 Accumulated depreciation, equipment $8,800 Accounts payable 4,300 Salaries payable 700 Unearned service revenue 1,400 Common stock 8,700 Retained earnings 3,300 Dividends 1,500 Service revenue 21,000 Salaries expense 4,100 Rent expense 1,300 Depreciation expense, equipment 2,300 Supplies expense 1,200 Total $48,200 $48,200
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