Use your answer from Exercise E4- 17 to prepare Telegraphic Links financial statements. Additional information at November

Use your answer from Exercise E4- 17 to prepare Telegraphic Link’s financial statements.

Additional information at November 30, 2014:
a. Accrued service revenue, $ 600.
b. Depreciation, $ 300.
c. Accrued salaries expense, $ 800.
d. Prepaid rent expired, $ 500.
e. Office Supplies used, $ 100.

Requirements
1. Complete the income statement for the month ended November 30, 2014.
2. Complete the statement of retained earnings for the month ended November 30, 2014. Assume beginning Retained Earnings was $ 0.
3. Complete the unclassified balance sheet as of November 30, 2014. Use the ­accountform.

Transcribed Image Text:

TELEGRAPHIC LINK Trial Balance November 30, 2014 Account Title Cash Accounts Receivable Prepaid Rant Office Supplies 5 4,000 1,900 3,000 5 1,600 Accounts Payable Salaries Payable Common Stock 35,700 2.100 B,600 Service Revenua Depreciation Expense-Equipment Salaries Expense Rent Expense Utilities Expense Supplies Expense 1.700 S 51,300 51300