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The adjusted trial balance for Oriole Company is given in below. Oriole Company Trial Balance August 31, 2020 Before After Adjustment Adjustment Dr. Cr. Dr.
The adjusted trial balance for Oriole Company is given in below. Oriole Company Trial Balance August 31, 2020 Before After Adjustment Adjustment Dr. Cr. Dr. Cr. Cash 10,100 10,100 Accounts Receivable 8,900 10,000 Supplies 2,500 500 Prepaid Insurance 3,800 2,500 Equipment 13,500 13,500 Accumulated Depreciation-Equipment 3,400 4,600 Accounts Payable 5,700 5,700 Salaries and Wages Payable 1,500 Unearned Rent Revenue 1,400 800 Share Capital-Ordinary 10,800 10,800 Retained Earnings 4,400 4,400 Service Revenue 33,900 35,000 Rent Revenue 11,200 11,800 Salaries and Wages Expense 16,900 18,400 Supplies Expense 2,000 Rent Expense 15,100 15,100 Insurance Expense 1,300 Depreciation Expense 1,200 70,800 70,800 74,600 74,600 Prepare the income statement for the year. Oriole Company Income Statement Prepare the retained earnings statement for the year. Oriole Company Retained Earnings Statement E Prepare the statement of financial position at August 31. (List Current Assets in the reverse order of liquidity.) Oriole Company Statement of Financial Position Assets Equity and Liabilities
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