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The Adjusted Trial Balance of Hotel Consulting Services appears below: Hotel Consulting Services Adjusted Trial Balance December 31, 2020 Debit Credit Cash 9,190 Accounts receivable
The Adjusted Trial Balance of Hotel Consulting Services appears below: | |||
Hotel Consulting Services | |||
Adjusted Trial Balance | |||
December 31, 2020 | |||
Debit | Credit | ||
Cash | 9,190 | ||
Accounts receivable | 11,986 | ||
Supplies | 4,968 | ||
Prepaid insurance | 4,347 | ||
Land | 84,459 | ||
Equipment | 18,196 | ||
Accounts payable | 15,525 | ||
Notes payable | 37,262 | ||
Owners Capital | 33,536 | ||
Owners Drawings | 13,662 | ||
Service revenue | 78,228 | ||
Rent expense | 6,707 | ||
Utilities expense | 820 | ||
Insurance expense | 9,688 | ||
Interest expense | 528 | ||
$ 164,551 | $ 164,551 | ||
Instructions: | |||
Using the information from the Adjusted Trial Balance, prepare the | |||
Income Statement for the year ended December 31, 2020. | |||
There is NO NEED to prepare any other financial statement. |
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