Question
The following is the Easton Company adjusted Trial Balance. Easton Company Adjusted Trial Balance December 31, 2018 Account Title Debit Credit Cash $88,665 Accounts Receivable
The following is the Easton Company adjusted Trial Balance.
Easton Company
Adjusted Trial Balance
December 31, 2018
Account Title Debit Credit
Cash $88,665
Accounts Receivable 232,400
Supplies 17,000
Equipment 395,000
Accumulated Depreciation $224,260
Accounts Payable $72,555
Capital Stock 220,000
Retained Earnings 127,145
Service Revenue 881,105
Interest Income 5,500
Dividends 9,000
Rent Expense 59,500
Wages Expense 529,000
Supplies Expense 42,000
Utilities Expense 8,000
Depreciation Expense 150,000 ________
Totals $1,530,565 $1,530,565
Use this information to prepare the Single-Step Income Statement for the fiscal year. There are additional lines in the formatted income statement form to allow for authorized alternate presentations.
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