Shawn's Tutoring adjusted trial balance follows. SHAWN'S TUTORING Adjusted Trial Balance December 31, 2017 Cash Accounts Receivable Office Supplies Accounts Equipment Accumulated Depreciation--Equipment Accounts Payable Interest Payable Notes Payable Shawn Cee, Capital Shawn Cee, Drawing Service Revenue Rent Expense Expenses: Supplies Expense Depreciation Expense--Equipment Interest Expense Net Income Total Expenses Debits Credits 1,510 1,170 2,030 19,420 660 1,710 970 930 3,280 12,320 Prepare Shawn's income statement for the year ended December 31, 2017. 15,160 4,880 800 1,730 2,170 Total 34,370 34,370 SHAWN'S TUTORING Income Statement For year ending December 31, 2017

Shawn's Tutoring adjusted trial balance follows. SHAWN'S TUTORING Adjusted Trial Balance December 31, 2017 Cash Accounts Receivable Office Supplies Accounts Equipment Accumulated Depreciation--Equipment Accounts Payable Interest Payable Notes Payable Shawn Cee, Capital Shawn Cee, Drawing Service Revenue Rent Expense Expenses: Supplies Expense Depreciation Expense--Equipment Interest Expense Net Income Total Expenses Debits Credits 1,510 1,170 2,030 19,420 660 1,710 970 930 3,280 12,320 Prepare Shawn's income statement for the year ended December 31, 2017. 15,160 4,880 800 1,730 2,170 Total 34,370 34,370 SHAWN'S TUTORING Income Statement For year ending December 31, 2017

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter9: Adjusting Entries

Section: Chapter Questions

Problem 1M

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