Create an Income statement, Retained earnings statement, and Classified balance sheet using the following trial balance sheet.

Transcribed Image Text:

ACCOUNT Cash Accounts Receivable Moped Scooter Accumulated Depreciation - Scooter Accounts Payable Wages Payable Unearned Consulting Revenue Common Stock Dividends Consulting Revenue Advertising Expense Meals Expense 3 Entertainment Expense e Wages Expense 0 Fuel Expense 1 Depreciation Expense 2 23 TOTALS 24 25 45 1-Journal Entries 2 TA B C D E DEBIT CREDIT 26560 1750 7,000 150 500 1,000 25,000 14,250 1,000 150 750 3,500 40 150 40,900 40,900 ACCOUNT Cash Accounts Receivable Moped Scooter Accumulated Depreciation - Scooter Accounts Payable Wages Payable Unearned Consulting Revenue Common Stock Dividends Consulting Revenue Advertising Expense Meals Expense 3 Entertainment Expense e Wages Expense 0 Fuel Expense 1 Depreciation Expense 2 23 TOTALS 24 25 45 1-Journal Entries 2 TA B C D E DEBIT CREDIT 26560 1750 7,000 150 500 1,000 25,000 14,250 1,000 150 750 3,500 40 150 40,900 40,900

Answer rating: 100% (QA)

The journal entries to record the transactions for Upscale Construction Inc are as followsa Issued 5... View the full answer