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The adjusted trial balance of Daniel Co. for the year ending December 31, 2025, contains the following. Daniel Co. Adjusted Trial Balance December 31, 2025
The adjusted trial balance of Daniel Co. for the year ending December 31, 2025, contains the following. Daniel Co. Adjusted Trial Balance December 31, 2025 Debit Credit Cash $20,177 Accounts Receivable *7,625 Prepaid Rent 2,985 Equipment 18,755 Accumulated Depreciation-Equipment $5,600 Notes Payable 6.405 Accounts Payable 6,177 Common Stock 20,705 Retained Earnings 12,015 Dividends 3,705 Service Revenue 12,295 Salaries and Wages Expense 7,545 Rent Expense 2,206 Depreciation Expense 199 Interest Expense 137 Interest Payable 137 $63,334 $63,334 Service Revenue 12,295 Salaries and Wages Expense 7,545 Rent Expense 2,206 Depreciation Expense 199 Interest Expense 137 Interest Payable 137 $63,334 $63,334 (a) Prepare an income statement. (Enter loss using either a negative sign preceding the number eg.-45 or parentheses e.g. (45).) DANIEL CO. Income Statement Prepare an income statement. (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) DANIEL CO. Income Statement
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