Prepare an income statement from the following year-end adjusted trial balance. Adjusted Trial Balance December 31...

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Prepare an income statement from the following year-end adjusted trial balance. Adjusted Trial Balance December 31 Cash Accounts receivable Prepaid insurance Office supplies Office equipment Accumulated depreciation-Office equipment Buildings Accumulated depreciation-Buildings Land Wages payable Property taxes payable Interest payable Unearned revenue Long-term notes payable Common stock Retained earnings Dividends Services revenue Wages expense Utilities expense Property taxes expense Insurance expense Office Supplies expense Depreciation expense-Office equipment Depreciation expense-Buildings Interest expense Totals $ 3,180 530 960 210 5,500 99,300 116,300 22,300 30,300 3,030 2,530 5,930 380 530 5,700 3,130 $ 299,810 $ 1,230 29,300 1,010 1,530 2,330 590 151,300 31,300 11,120 70,100 $ 299,810 Prepare an income statement from the following year-end adjusted trial balance. Adjusted Trial Balance December 31 Cash Accounts receivable Prepaid insurance Office supplies Office equipment Accumulated depreciation-Office equipment Buildings Accumulated depreciation-Buildings Land Wages payable Property taxes payable Interest payable Unearned revenue Long-term notes payable Common stock Retained earnings Dividends Services revenue Wages expense Utilities expense Property taxes expense Insurance expense Office Supplies expense Depreciation expense-Office equipment Depreciation expense-Buildings Interest expense Totals $ 3,180 530 960 210 5,500 99,300 116,300 22,300 30,300 3,030 2,530 5,930 380 530 5,700 3,130 $ 299,810 $ 1,230 29,300 1,010 1,530 2,330 590 151,300 31,300 11,120 70,100 $ 299,810

Answer rating: 100% (QA)

To create an income statement from the adjusted trial balance provided you would include only the re... View the full answer