Use your answer from Exercise E-F:4-20 to prepare Orange Home Cleaning Service’s financial statements.

Requirements

1. Complete the income statement for the month ended November 30, 2024.

2. Complete the statement of retained earnings for the month ended November 30, 2024.

3. Complete the classified balance sheet as of November 30, 2024. Use the report form.

Data From Exercise E-F:4-20

The unadjusted trial balance of Orange Home Cleaning Service at November 30, 2024, follows:

Additional information at November 30, 2024:

a. The unadjusted prepaid rent of $1,200 relates to rent period November 2024 through January 2025.

b. Office Supplies used, $950.

c. Accrued service revenue, $1,100.

d. The furniture’s expected useful life is five years with no residual value.

e. Accrued Salaries Expense, $1,650.

Transcribed Image Text:

ORANGE HOME CLEANING SERVICE Unadjusted Trial Balance November 30, 2024 Account Title Cash Accounts Receivable Prepaid Rent Office Supplies Furniture Accumulated Depreciation-Furniture Accounts Payable Salaries Payable Common Stock Retained Earnings, November 1, 2020 Dividends Service Revenue Salaries Expense Utilities Expense Rent Expense Depreciation Expense-Furniture Supplies Expense Total Balance Debit $ 4,650 800 1,200 1,100 40,500 1,900 1,600 300 $ 52,050 Credit $ 2,000 1,750 7,600 35,500 5,200 $ 52,050