Question: how do i do a retain earnings statement for this nework Question 5 of 6 Frinzi Company Trial Balance August 31, 2020 Before Adjustment After

 how do i do a retain earnings statement for this nework
Question 5 of 6 Frinzi Company Trial Balance August 31, 2020 Before
how do i do a retain earnings statement for this
Adjustment After Adjustment Dr. Cr. Dr. Cr. Cash $ 10,400 $ 10,400
Accounts Receivable 8,800 10.800 Supplies 2.300 900 Prepaid Insurance 4,000 2,500 14,000

nework Question 5 of 6 Frinzi Company Trial Balance August 31, 2020 Before Adjustment After Adjustment Dr. Cr. Dr. Cr. Cash $ 10,400 $ 10,400 Accounts Receivable 8,800 10.800 Supplies 2.300 900 Prepaid Insurance 4,000 2,500 14,000 14,000 Equipment Accumulated Depreciation Equipment Accounts Payable $ 3,600 $ 4,500 5,800 5.800 0 1.100 Salaries and Wages Payable Unearned Rent Revenue 1,500 600 Common Stock 12,000 12,000 Retained Earnings 3,600 3,600 Service Revenue 34,000 36,000 Rent Revenue 11.000 11.900 Salaries and Wages Expense 17000 18100 0.49 Question 5 of 6 11,000 11.900 17,000 18,100 Rent Revenue Salaries and Wages Expense Supplies Expense Rent Expense 0 1.400 15,000 15,000 Insurance Expense 0 1,500 Depreciation Expense 0 900 $ 71,500 $71,500 $ 75,500 $ 75,500 (a) Your answer Correct Answer (Used) Prepare the income statement for the year. Frinzi Company Income Statement For the Year Ended August 31, 2020 Revenues Question 5 of 6 0.49 Frinzi Company Income Statement For the Year Ended August 31, 2020 Revenues Service Revenue $ 36,000 Rent Revenue 11.900 Total Revenues $ 47.900 Expenses Salaries and Wages Expense 18.100 opplies Expense 1400 Rent Expense 15.000 Insurance Expense 1500 Depreciation Expense 900 Total Expenses 36,900 i Question 5 of 6 0.49 Total Expenses 36,900 i Net Income /(Loss) $ 11,000 (b) Prepare the retained earnings statement for the year. Frinzi Company Retained Earnings Statement e Textbook and Media List of Accounts

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!