Use EMBG's Adjusted Trial Balance

EMBG Corporation

Adjusted Trial Balance

For Year Ending December 31, 2017

Debit

Credit

Cash

$44,000

Accounts Receivable

28,000

Equipment

376,000

Accumulated Depreciation

$72,000

Notes Payable

65,000

Common Stock

130,000

Dividends

5,000

Retained Earnings

62,000

Sales

326,000

Rent Expense

44,000

Salaries Expense

116,000

Depreciation Expense

42,000

TOTALS

$655,000

$655,000

.

3.INSTRUCTIONS:Prepare EMBG Corporation's Income Statement, Statement of Stockholders' Equity, Balance Sheet, Prepare entries to close EMBG temporary accounts (using Retained Earnings) below