Adjusted Trial balance of the company is given below Cash Accounts receivable Equipment Accumulated depreciation-equipment Accounts payable

Adjusted Trial balance of the company is given below  

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Cash Accounts receivable Equipment Accumulated depreciation-equipment Accounts payable Unearned revenue Common shares Retained earnings Dividends Service revenue Adjusted Trial Balance December 31, 2023 Depreciation expense Insurance expense Rent expense Salaries and wages expense Total Debit 85,000 90,000 85,000 40,000 10,000 8,000 20,000 40,000 378,000 Credit 30,000 40,000 5,000 10,000 88,000 205.000 378,000 Cash Accounts receivable Equipment Accumulated depreciation-equipment Accounts payable Unearned revenue Common shares Retained earnings Dividends Service revenue Adjusted Trial Balance December 31, 2023 Depreciation expense Insurance expense Rent expense Salaries and wages expense Total Debit 85,000 90,000 85,000 40,000 10,000 8,000 20,000 40,000 378,000 Credit 30,000 40,000 5,000 10,000 88,000 205.000 378,000

Answer rating: 100% (QA)

1 Income Statement for 2023 Service revenue 85000 Less Expenses Depreciation expense 10000 Insurance expense 8000 Rent expense 20000 Salaries and wages expense 40000 Total expenses 78000 Net income 70... View the full answer