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The adjusted trial balance for Sweet Tooth Catering, Inc., is presented below. Prepare the income statement and statement retained earnings for Sweet Tooth Catering, Inc.,

The adjusted trial balance for Sweet Tooth Catering, Inc., is presented below. Prepare the income statement and statement retained earnings for Sweet Tooth Catering, Inc., for the month ended August 31, 2014. Also prepare a balance sheet at August 31, 2014.

Sweet Tooth Catering, Inc.
Adjusted Trial Balance
August 31, 2014
Account Debit Credit
Cash $11,400
Accounts receivable 7,000
Supplies 400
Equipment 22,000
Accumulated depreciation, equipment $6,800
Accounts payable 4,100
Salaries payable 600
Unearned service revenue 1,000
Common stock 7,200
Retained earnings 9,700
Dividends 400
Service revenue 21,000
Salaries expense 4,100
Rent expense 1,900
Depreciation expense, equipment 2,300
Supplies expense 900
Total $50,400 $50,400

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