Using the Adjusted Trial Balance shown below, prepare (a) an Income Statement and (b) a Statement...

 

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Using the Adjusted Trial Balance shown below, prepare (a) an Income Statement and (b) a Statement of Retained Earnings for All Star Repairs. All Star Repairs Adjusted Trial Balance July 31, 201 Cash Accounts receivable Supplies... Shop equipment... Accumulated depreciation: shop equipment.. Accounts payable. Notes payable. Income taxes payable. Capital stock Retained earnings Dividends Fees camed. Rent expense Wages expense Supplies expense Utilities expense Depreciation expense shop equipment Income taxes expense. Debit Credit $20,200 70,600 2.500 26,600 $9,600 18,000 3.700 26,700 22.200 5.900 16,700 127,400 9.000 35.600 2.900. 2.100 600 26.700 $213.500 $213,500 Using the Adjusted Trial Balance shown below, prepare (a) an Income Statement and (b) a Statement of Retained Earnings for All Star Repairs. All Star Repairs Adjusted Trial Balance July 31, 201 Cash Accounts receivable Supplies... Shop equipment... Accumulated depreciation: shop equipment.. Accounts payable. Notes payable. Income taxes payable. Capital stock Retained earnings Dividends Fees camed. Rent expense Wages expense Supplies expense Utilities expense Depreciation expense shop equipment Income taxes expense. Debit Credit $20,200 70,600 2.500 26,600 $9,600 18,000 3.700 26,700 22.200 5.900 16,700 127,400 9.000 35.600 2.900. 2.100 600 26.700 $213.500 $213,500

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