The adjusted trial balance for Plevin Company is presented in E4.8.

Adjusted trial balance from E4.8

Instructions

a. Prepare an income statement and a retained earnings statement for the year.

b. Prepare a classified balance sheet at July 31.

Transcribed Image Text:

PLEVIN COMPANY Adjusted Trial Balance July 31, 2017 No. Account Titles Debit Credit $ 9,840 8,780 15,900 Cash 101 112 Accounts Receivable Equipment Accumulated Depreciation-Equip. Accounts Payable Unearned Rent Revenue 157 $ 7,400 4,220 1,800 20,000 25,200 158 201 208 Common Stock Retained Earnings Dividends 311 320 332 16,000 Service Revenue Rent Revenue 64,000 6,500 400 429 Depreciation Expense Salaries and Wages Expense Utilities Expense 8,000 55,700 14,900 711 726 732 $129,120 $129,120