2. King Enterprises has the following Adjusted Trial Balance on December 31, 2021. Accounts Cash Accounts...
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2. King Enterprises has the following Adjusted Trial Balance on December 31", 2021. Accounts Cash Accounts Receivable Office Supplies Prepaid Insurance Prepaid Rent Machinery Accumulated Depreciation: Machinery Accounts Payable Interest Payable Salaries Payable Uncarned Revenues Capital Stock Dividends Retained Earnings Debit Credit 2,500 5,500 250 150 805 900 600 400 300 450 400 7,000 500 410 Service Revenues Insurance Expense Depreciation Expense Utility Expense Office Supplies Expense Totals 5,000 3,100 300 400 155 S 14,560S 14,560 . Please prepare the Income statement based on the adjusted trial balance above. King Enterprises Income Statement For the year ended December 31", 2021 Revenues Total Revenues Еxpenses Total Expenses A Please close the temporary accounts. 2. King Enterprises has the following Adjusted Trial Balance on December 31", 2021. Accounts Cash Accounts Receivable Office Supplies Prepaid Insurance Prepaid Rent Machinery Accumulated Depreciation: Machinery Accounts Payable Interest Payable Salaries Payable Uncarned Revenues Capital Stock Dividends Retained Earnings Debit Credit 2,500 5,500 250 150 805 900 600 400 300 450 400 7,000 500 410 Service Revenues Insurance Expense Depreciation Expense Utility Expense Office Supplies Expense Totals 5,000 3,100 300 400 155 S 14,560S 14,560 . Please prepare the Income statement based on the adjusted trial balance above. King Enterprises Income Statement For the year ended December 31", 2021 Revenues Total Revenues Еxpenses Total Expenses A Please close the temporary accounts.
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Related Book For
Fundamentals of Financial Accounting
ISBN: 978-0078025914
5th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
Posted Date:
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