Question
trial balances as at December 31, 2020. Marin Inc. Trial Balance December 31, 2020 Unadjusted Adjusted Dr. Cr. Dr. Cr. Cash $11,220 $11,220 Accounts receivable
trial balances as at December 31, 2020.
Marin Inc. Trial Balance December 31, 2020 | ||||||||
Unadjusted | Adjusted | |||||||
Dr. | Cr. | Dr. | Cr. | |||||
Cash | $11,220 | $11,220 | ||||||
Accounts receivable | 20,400 | 23,970 | ||||||
Supplies | 8,570 | 3,060 | ||||||
Prepaid insurance | 3,420 | 2,550 | ||||||
Equipment | 61,200 | 61,200 | ||||||
Accumulated depreciationequipment | $28,560 | $33,660 | ||||||
Accounts payable | 5,100 | 5,100 | ||||||
Interest payable | 0 | 150 | ||||||
Notes payable | 5,000 | 5,000 | ||||||
Unearned revenue | 7,140 | 5,710 | ||||||
Salaries and wages payable | 0 | 1,330 | ||||||
Common shares | 10,200 | 10,200 | ||||||
Retained earnings | 3,680 | 3,680 | ||||||
Service revenue | 59,770 | 64,770 | ||||||
Salaries and wages expense | 10,200 | 11,530 | ||||||
Insurance expense | 870 | |||||||
Interest expense | 360 | 510 | ||||||
Depreciation expense | 5,100 | |||||||
Supplies expense | 5,510 | |||||||
Rent expense | 4,080 | 4,080 | ||||||
$119,450 | $119,450 | $129,600 | $129,600 |
Prepare an income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
MARIN INC. Income Statement December 31, 2020For the Year Ended December 31, 2020For the Quarter Ended December 31, 2020 |
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