Question: 4:35 READ ONLY - This is an older file format. T... Prepare income statement and balance sheet of above given data 2,700 3.800 9:000 Activ

4:35 READ ONLY - This is an older file format. T... Prepare income statement and balance sheet of above given data 2,700 3.800 9:000 Activ 37.100. Question No 4: The trial balance of Cohen Construction Co. at June 30, 20X3, follows. COHEN CONSTRUCTION CO. Trial Balance June 30, 20X3 Cash $ 21.200 Accounts receivable 37,820 Supplies 17,660 Prepaid insurance 2.300 Equipment 32,690 Accumulated depreciation-equipment $ 26,240 Building 42,890 Accumulated depreciation-building 10,500 Land 28,300 Accounts payable 22,690 Interest payable Wage payable Unearned service revenue Note payable, long-term Lynn Cohen, capital Lynn Cohen, withdrawals Service revenue 10,560 22,400 79.130 4,200 20,190 Depreciation expense-equipment Depreciation expense-building Wage expense 3,200 Insurance expense Interest expense Utilities x 1,110 Advertising expense 340 Supplies expense Total $191,710 $191,710 Additional data at June 30, 20X3: a. Depreciation equipment, $630, building, $370. b. Accrued wage expense, $240. e Supplies on hand, $14,370 d. Prepaid insurance expired during June, $500. e. Accrued interest expense. $180. f Uneamed service revenue earned during June, $4,970. g. Accrued advertising expense, $100 (credit Accounts Payable) h. Accrued service revenue, $1,100. Required a. Prepare adjusting entries, adjusted trial balance. b. Based on adjusted trial balance data prepare income statement and balance sheet for June. O III 70%

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!