Create income statement and balance sheet from the trial balance below. Data Helper Co. Trial Balance As
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Create income statement and balance sheet from the trial balance below.
Data Helper Co. | ||
Trial Balance | ||
As of December 31st, 2018 | ||
Account | Debit | Credit |
Cash | $315,000 | $313,000 |
Account Receivable | $700,000 | |
Revenue | $700,000 | |
Depreciation Expense | $6,000 | |
Rent/Insurance | $25,000 | |
Marketing Expense | ||
Loan Payable | $25,500 | $65,000 |
Equity | $250,000 | |
Utilities Expense | $4,500 | |
Accumulated Depreciation | $6,000 | |
Intangible Asset | $55,000 | |
Wage Expense | $215,000 | |
R&D Expense | $4,125 | |
Account Payable | $18,000 | $34,125 |
Total | $1,368,125 | $1,368,125 |
Related Book For
Interpreting and Analyzing Financial Statements
ISBN: 978-0132746243
6th edition
Authors: Karen P. Schoenebeck, Mark P. Holtzman
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