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The income statement for the year ending December 31, 2018 would reflect the amount of $ for service revenue. ______ The balance sheet would show
The income statement for the year ending December 31, 2018 would reflect the amount of $ for service revenue.
______
The balance sheet would show $ for total shareholders' equity.
______
It would also show current assets in the amount of $ and long-term liabilities in the amount of .
______
This is all of the information I was given.
ACCT NO. ACCOUNT TITLE 100 102 110 111 120 124 126 180 181 201 205 207 210 280 310 320 325 402 510 512 514 516 518 520 525 527 530 535 Cash Cash in Savings Accounts receivable Allowance for doubtful accounts Inventory Office Supplies Prepaid Rent Equipment Accumulated depreciation Accounts payable Utilities Payable Unerarned Revenue Interest payable Notes Payable Common Stock Retained Earnings Dividends Service Revenue Wages Expense Supplies Expense Rent Expense Advertising Telephone Expense Electricity Expense Depreciation Expense Interest Expense Bad debt Expense Miscellaneous Expense ADJUSTED TRIAL BALANCE DEBIT CREDIT 18,000.00 35,000.00 15,900.00 1,500.00 3,650.00 850.00 3,000.00 115,000.00 11,500.00 5,200.00 3,950.00 2,500.00 150.00 20,000.00 50,000.00 247,000.00 98,200.00 18,480.00 11,150.00 3,450.00 2,470.001 1,450.00 11,500.00 1,100.00 1,500.00 1,100.00 341,800.00 341,800.00Step by Step Solution
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