Given this adjusted trial balance for Wagner Services, Inc., prepare the income statement and statement of retained
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Given this adjusted trial balance for Wagner Services, Inc., prepare the income statement and statement of retained earnings for the month ended August 31, 2010. Dividends of $2,500 were paid during the month and there were no additional capital stock transactions during the month.
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WAGNER SERVICES, INC Adjusted Trial Balance August 31, 2010 Debits $ 4,600 400 650 5,600 Credits Cash Supplies Prepaid rent Equipment Accumulated depreciation-equipment Furniture Accumulated depreciation-furniture Accounts payable Note payable Interest payable Capital stock Retained earnings Service fee revenue Supplies expense Rent expense Interest expense Depreciation expense Postage expense Telephone expense Utilities expense Total S 1200 2700 900 800 3,000 150 6,000 (2,500) 5,800 150 650 25 300 125 50 100 $15,350 $15.350
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Related Book For
Introduction to Accounting An Integrated Approach
ISBN: 978-0078136603
6th edition
Authors: Penne Ainsworth, Dan Deines
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