Wild Life (WL) Inc. has the following account balances on 31 December 2019. The year 2019...
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Wild Life (WL) Inc. has the following account balances on 31 December 2019. The year 2019 was the first year for the company. Account Name JD Cash 12000 Ordinary Shares- Capital 10000 service Revenue 9500 Salaries Expense Equipment Accounts Payable 3200 11000 7500 Supplies Note Payable 800 ????? Dividends 1400 Rent Expense 600 Requirements: 1-Prepare the Trial Balance for the year ended 31, December,2019 [2Marks]. 2-Prepare the Income Statement for the year ended 31, December, 2019 [2Marks]. 3- Prepare the Retained Earnings Statement for the year ended 31December,2019 (1 Mark). 4-Prepare the Statement of Financial Position (Balance Sheet) as of 31 December,2019 [2 Marks]. Wild Life (WL) Inc. has the following account balances on 31 December 2019. The year 2019 was the first year for the company. Account Name JD Cash 12000 Ordinary Shares- Capital 10000 service Revenue 9500 Salaries Expense Equipment Accounts Payable 3200 11000 7500 Supplies Note Payable 800 ????? Dividends 1400 Rent Expense 600 Requirements: 1-Prepare the Trial Balance for the year ended 31, December,2019 [2Marks]. 2-Prepare the Income Statement for the year ended 31, December, 2019 [2Marks]. 3- Prepare the Retained Earnings Statement for the year ended 31December,2019 (1 Mark). 4-Prepare the Statement of Financial Position (Balance Sheet) as of 31 December,2019 [2 Marks].
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Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
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