The adjusted trial balance of Cavamanlis Co. as of December 31, 2012, contains the following. Instructions(a) Prepare
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The adjusted trial balance of Cavamanlis Co. as of December 31, 2012, contains the following.
Instructions(a) Prepare an income statement.(b) Prepare a statement of retained earnings.(c) Prepare a classified balancesheet.
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CAVAMANLIS co. ADJUSTED TRIAL BALANCE DECEMBER 31, 2012 Account Titles Dr. Cr. Cash $18.972 Accounts Recelvable 6.920 2,280 18,050 Prepaid Rent Expense Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Dividends $ 4,895 5,700 4,472 20,000 11,310 3,000 Service Revenue 12,590 Salaries and Wages Expense Rent Expense Depreciation Expense Interest Expense Interest Payable 6,840 2,760 145 83 83 $59,050 $59,050
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