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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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