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The Green and Silver Company started operations on July 1, 2017. The trial balance is proviced belov Green and S ilver Com pany Trial Balance
The Green and Silver Company started operations on July 1, 2017. The trial balance is proviced belov Green and S ilver Com pany Trial Balance For the Year Ended June 30, 2018 Debits 6,700 S Credits Cash Acco unts Receivable Prepaid Insurance Equipment Accum ulated Depreciation-Equipment Notes Payable Acco unts Payable Salaries and Wages Payable Interest Payable Deferred Revenue Common Stock Additional Paid in Capital Retained Earnings 1,000 1,030 15,000 350 5,000 1,070 300 50 1,400 12,600 600 Sales Cost of Sales Salaries and Wages Expense Depreciation Expense Insurance Expense Utilities Experse Interest Expense 20,700 10,350 3,850 350 1800 1,490 50 S42270 S 42,270 Instructions: Usingthe trial balance, prepare an incom e statement and retained earnings statement for the year ended June 30, 2018 and a balance shees as of June 30, 2018 in good form. Be sure to include subtotals like current assets, current liabilities and gross profit
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