Question: it is a one question Question 4 [60 points) Stan Frey started Barton Corporation on November 1, 2014. The adjusted trial balance shown below has

 it is a one question Question 4 [60 points) Stan Frey

started Barton Corporation on November 1, 2014. The adjusted trial balance shown

it is a one question

Question 4 [60 points) Stan Frey started Barton Corporation on November 1, 2014. The adjusted trial balance shown below has been prepared for Barton Corporation as of November 30, 2014 Use this information to prepare the income statement and statement of changes in equity for the month ended November 30 along with the November 30 balance sheet. Barton Corporation Trial Balance November 30, 2014 Unadjusted Trial Adjusted Trial Balance Balance Adjustments Cr. Account Dr. Cr. Dr. Dr. Cr. 3,580 11,950 1,670 2,110 14,580 10,680 3,580 11,950 1,880 1,850 210 260 14,580 10,680 0 390 390 440 9,840 4,270 1,520 16,150 9,840 4,710 1,430 16,150 90 Cash Accounts receivable Interest receivable Prepaid rent Truck Building Accumulated depreciation, building Rent payable Salaries payable Unearned rent Share capital Dividends Retained earnings Consulting revenue earned Commissions earned Rent earned Interest earned Depreciation expense, building Salaries expense Interest expense Rent expense Totals 3,930 3,930 0 0 7,430 13,670 11,450 3,550 7,430 13,670 11,540 3,760 90 210 0 390 390 440 4,350 1,470 13,560 67,880 67,880 4,790 1,470 13,820 68,920 260 1,390 1,390 68,920 (select one) (select one) Income Statement (select one) Balance Sheet (select one) X X X X (select one) Statement of Changes in Equity (select one) Share Retained Total Capital Earnings Equity

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!