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Worksheet for Service Company Whitaker Consulting Company has prepared a trial balance on the partially completed worksheet for the year ended December 31, 2016: Additional
Worksheet for Service Company Whitaker Consulting Company has prepared a trial balance on the partially completed worksheet for the year ended December 31, 2016: Additional information: On January 1, 2016, the company had paid 2 years' rent in advance at $100 a month for office space, the office equipment is being depreciated on a straight line basis over a 10-year life, and no residual value is expected, interest of $150 has accrued on the note payable but has not been paid, and the income tax rate is 30% on current income and will be paid in the first quarter of 2017. Complete the worksheet. Prepare financial statements for 2016
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