LO 5.4 From the following Company S adjusted trial balance, prepare the followingA Income StatementB. Retained Earnings StatementC. Balance Sheet (simple-unclassified)D. Closing journal entriesE. Post-Closing Trial BalanceAdjusted Trial BalanceDebitCreditCash$ 55,20030,2006,000Accounts ReceivablePrepaid InsuranceLandAccounts PayableSalaries PayableCommon StockRetained EarningsDividendsService RevenueInsurance ExpenseSalaries ExpenseMiscellaneous Expense30,000$ 14,3006,10026.00038.90016,500211.85024,000128,3506,900$297,150$297.150

Name: LO 5.4 From the following Company S adjusted trial balance, prepare t
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Description: LO 5.4 From the following Company S adjusted trial balance, prepare the followingA Income StatementB. Retained Earnings StatementC. Balance Sheet (simple-unclassified)D. Closing journal entriesE. Post-Closing Trial BalanceAdjusted Trial BalanceDebit

Business

Accounting

LO 5.4 From the following Company S adjusted trial balance, prepare the followi A. Income Statement B. Retained Earnings Statement C. Balance Sheet (simple-unclassified) D. Closing journal entries E. Post-Closing Trial Balance Adjusted Trial Balance Debit Credit Cash $ 55,200 30,200 Accounts Receivable Prepaid Insurance Land 6,000 30,000 $ 14,300 Accounts Payable Salaries Payable Common Stock Retained Earnings 6,100 26,000 38,900 Dividends 16,500 Service Revenue Insurance Expense Salaries Expense Miscellaneous Expense 211,850 24,000 128,350 6,900 $297,150 $297,150

LO 5.4 From the following Company S adjusted trial balance, prepare the followi A. Income Statement B. Retained Earnings Statement C. Balance Sheet (simple-unclassified) D. Closing journal entries E. Post-Closing Trial Balance Adjusted Trial Balance Debit Credit Cash $ 55,200 30,200 Accounts Receivable Prepaid Insurance Land 6,000 30,000 $ 14,300 Accounts Payable Salaries Payable Common Stock Retained Earnings 6,100 26,000 38,900 Dividends 16,500 Service Revenue Insurance Expense Salaries Expense Miscellaneous Expense 211,850 24,000 128,350 6,900 $297,150 $297,150

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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Make income statement , retained earnings and balance sheet from trial balance.
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