perone003
Mar 10, 2009, 12:24 PM
How to create an income statement, retianed earnings statement and balance sheet from.
Adjusted Trail Balance
Debit Credit
Cash................................................................................ 16,400
Accounts Receivable.......................................................... 2,200
Office supplies.................................................................. 1,800
Office Equipment.............................................................. 15,000
Accumulated Deprecaition- Office Equipment..................... 4,000
Accounts Payable............................................................... 3,000
Unearned Service Revenue................................................ 5,000
Common Stock................................................................. 17,000
Retained Earnings............................................................ 7,400
Dividends........................................................................ 2,500
Service Revenue................................................................. 7,500
Office Supplies Expense...................................................... 1,100
Depreciation Expense......................................................... 2,500
Rent Expense..................................................................... 1,900
43,900 43,900
Adjusted Trail Balance
Debit Credit
Cash................................................................................ 16,400
Accounts Receivable.......................................................... 2,200
Office supplies.................................................................. 1,800
Office Equipment.............................................................. 15,000
Accumulated Deprecaition- Office Equipment..................... 4,000
Accounts Payable............................................................... 3,000
Unearned Service Revenue................................................ 5,000
Common Stock................................................................. 17,000
Retained Earnings............................................................ 7,400
Dividends........................................................................ 2,500
Service Revenue................................................................. 7,500
Office Supplies Expense...................................................... 1,100
Depreciation Expense......................................................... 2,500
Rent Expense..................................................................... 1,900
43,900 43,900





