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The adjusted Trial balance of GaLochka Co as of December 31, 2018, is presented below. GaLochka Co Adjusted Trial Balance December 31, 2018 Cash 37,944

The adjusted Trial balance of GaLochka Co as of December 31, 2018, is presented below.

GaLochka Co

Adjusted Trial Balance

December 31, 2018

Cash

37,944

Accounts Receivable

13,840

Prepaid Rent

4,560

Equipment

36,100

Accumulated Depreciation Equipment

9,790

Notes Payable

11,400

Accounts Payable

8,944

Interest Payable

166

Share Capital Ordinary

40,000

Retained Earnings

22,620

Dividends

6,000

Service Revenue

25,180

Salaries and Wages Expense

13,680

Rent Expense

5,520

Depreciation Expense

290

Interest Expense

166

TOTAL

118,100

118,100

Instructions:

1. Prepare income statement

2. Prepare a retained earnings statement

3. Prepare a classified balance sheet

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