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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