Question
The adjusted trial balance for Pharoah Company is given below. Pharoah Company Trial Balance August 31, 2020 Before Adjustment After Adjustment Dr. Cr. Dr. Cr.
The adjusted trial balance for Pharoah Company is given below.
Pharoah Company Trial Balance August 31, 2020 | ||||||||
---|---|---|---|---|---|---|---|---|
Before Adjustment | After Adjustment | |||||||
Dr. | Cr. | Dr. | Cr. | |||||
Cash | $10,200 | $10,200 | ||||||
Accounts Receivable | 8,900 | 9,900 | ||||||
Supplies | 2,300 | 600 | ||||||
Prepaid Insurance | 3,800 | 2,700 | ||||||
Equipment | 13,500 | 13,500 | ||||||
Accumulated Depreciation-Equipment | $ 3,700 | $ 4,500 | ||||||
Accounts Payable | 5,800 | 5,800 | ||||||
Salaries and Wages Payable | 0 | 1,400 | ||||||
Unearned Rent Revenue | 1,400 | 800 | ||||||
Common Stock | 11,200 | 11,200 | ||||||
Retained Earnings | 3,600 | 3,600 | ||||||
Service Revenue | 33,900 | 34,900 | ||||||
Rent Revenue | 11,100 | 11,700 | ||||||
Salaries and Wages Expense | 16,800 | 18,200 | ||||||
Supplies Expense | 0 | 1,700 | ||||||
Rent Expense | 15,200 | 15,200 | ||||||
Insurance Expense | 0 | 1,100 | ||||||
Depreciation Expense | 0 | 800 | ||||||
$70,700 | $70,700 | $73,900 | $73,900 |
Prepare the retained earnings statement for the year, prepare the income statement for the year, prepare the balance sheet at August 31.
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