Question: Please create income statement and balance sheet from the trial balance below. Data Helper Co. Trial Balance As of December 31st, 2018 Account Debit Credit
Please create income statement and balance sheet from the trial balance below.
| Data Helper Co. | ||
| Trial Balance | ||
| As of December 31st, 2018 | ||
| Account | Debit | Credit |
| Cash | $315,000 | $313,000 |
| Account Receivable | $700,000 | |
| Revenue | $700,000 | |
| Depreciation Expense | $6,000 | |
| Rent/Insurance | $25,000 | |
| Marketing Expense | ||
| Loan Payable | $25,500 | $65,000 |
| Equity | $250,000 | |
| Utilities Expense | $4,500 | |
| Accumulated Depreciation | $6,000 | |
| Intangible Asset | $55,000 | |
| Wage Expense | $215,000 | |
| R&D Expense | $4,125 | |
| Account Payable | $18,000 | $34,125 |
| Total | $1,368,125 | $1,368,125 |
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