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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