Question
The following is the Easton Company's 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's adjusted Trial Balance.
Easton Company
Adjusted Trial Balance
December 31, 2018
Account Title
Debit
Credit
Cash
$88,665
Accounts Receivable
232,000
Supplies
17,000
Equipment
395,000
Accumulated Depreciation
$224,260
Accounts Payable
72,555
Capital Stock
220,000
Retained Earnings
127,145
Service Revenue
877,105
Interest Income
5,500
Dividends
7,000
Rent Expense
59,900
Wages Expense
529,000
Supplies Expense
40,000
Utilities Expense
8,000
Depreciation Expense
150,000
________
Totals
$1,526,565
$1,526,565
How would you use this information to prepare the Balance Sheet for the fiscal year?
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College Accounting Chapters 1-9
Authors: James Heintz
22nd Edition
1305888537, 978-1305666184
