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The adjusted trial balance for Rowdy Profits Corporation reports that its equipment had cost $180,000 For the current year, the company has recorded $21,600 of
The adjusted trial balance for Rowdy Profits Corporation reports that its equipment had cost $180,000 For the current year, the company has recorded $21,600 of depreciation, which brings the total depreciation to date to $108.000. Balance Sheet Income Statement Assets Revenues Liabilities Expenses Stockholders' Equity Required: Using the headings shown above, indicate the location and amounts that would be used to report the three items on the company's balance sheet and income statement. (Any deduction should be entered with a minus sign) Balance Sheet Income Statement
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