Using the below Adjusted Trial Balance, complete Reuben's Cubic Storage Income Statement. Statement of Changes to...

  

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Using the below Adjusted Trial Balance, complete Reuben's Cubic Storage Income Statement. Statement of Changes to Owner's Equity and their Balance Sheet. When completing the Statement of Changes in Owner's Equity, Mr. Clausen's capital account balance of $30,520 consists of a $20,520 balance on January 1, 2015, plus an additional $10,000 investment during 2015 (20 points). Reuben's Cubic Storage Adjusted Trial Balance December 31, 2015 $3,050 400 830 Cash Accounts receivable Prepaid insurance Office supplies OEfice equipment Accumulated depreciation, office equipment Buildings Accumulated deprećiation, buildings Land 80 4,200 $1,100 98,000 28,000 115,000 Wages payable Property taxes payable Interest payable Uneamed rent 880 1,400 2,200 460 Long-term notes payable Ruben Causen, capital Ruben Clausen, with drawals Rent earmed 178,000 30,520 21,000 48,600 Wages expense Utilities expense Property taxes expense Insurance expense Office supplies expense Depreciation expense, office equipment Depreciation expense, building 28,880 1,900 2,400 800 250 400 5,570 8,400 $291,160 Interest expense Totals $291,160 Using the below Adjusted Trial Balance, complete Reuben's Cubic Storage Income Statement. Statement of Changes to Owner's Equity and their Balance Sheet. When completing the Statement of Changes in Owner's Equity, Mr. Clausen's capital account balance of $30,520 consists of a $20,520 balance on January 1, 2015, plus an additional $10,000 investment during 2015 (20 points). Reuben's Cubic Storage Adjusted Trial Balance December 31, 2015 $3,050 400 830 Cash Accounts receivable Prepaid insurance Office supplies OEfice equipment Accumulated depreciation, office equipment Buildings Accumulated deprećiation, buildings Land 80 4,200 $1,100 98,000 28,000 115,000 Wages payable Property taxes payable Interest payable Uneamed rent 880 1,400 2,200 460 Long-term notes payable Ruben Causen, capital Ruben Clausen, with drawals Rent earmed 178,000 30,520 21,000 48,600 Wages expense Utilities expense Property taxes expense Insurance expense Office supplies expense Depreciation expense, office equipment Depreciation expense, building 28,880 1,900 2,400 800 250 400 5,570 8,400 $291,160 Interest expense Totals $291,160

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Reubens Cubic Storage Statement of Income Balance sheet For the period ending 31122015 As at 3112201... View the full answer