Instructions Using the account balances shown (presume the balances are on the normal side) to prepare a Trial Balance, Income Statement, Statement of Retained Earnings CLASSIFIED Balance Sheet. rial Balance & Financial Statements. Utilities Expense Common Stock Equipment Dividends Salaries & Wages Expense Service Revenue Accounts Receivable Prepaid Insurance Beg. Retained Earnings $ 2,000 Cash 14,110 Supplies 16,000 Rent Expense 600 Salaries & Wages Payable 9,500 Notes Payable, due in 3 months 16,000 Accounts Payable 1,000 Bonds Payable, due in 5 yrs 900 Accumulated Depreciation 2,000 Income Taxes Payable Calculate Total Shareholders' Equity Type your answer..... 8,700 180 2,070 1,500 3,650 3,000 2,000 890 800

Instructions Using the account balances shown (presume the balances are on the normal side) to prepare a Trial Balance, Income Statement, Statement of Retained Earnings CLASSIFIED Balance Sheet. rial Balance & Financial Statements. Utilities Expense Common Stock Equipment Dividends Salaries & Wages Expense Service Revenue Accounts Receivable Prepaid Insurance Beg. Retained Earnings $ 2,000 Cash 14,110 Supplies 16,000 Rent Expense 600 Salaries & Wages Payable 9,500 Notes Payable, due in 3 months 16,000 Accounts Payable 1,000 Bonds Payable, due in 5 yrs 900 Accumulated Depreciation 2,000 Income Taxes Payable Calculate Total Shareholders' Equity Type your answer..... 8,700 180 2,070 1,500 3,650 3,000 2,000 890 800

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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