The following is the Easton Company adjusted Trial Balance. Easton Company Adjusted Trial Balance December 31, 2018
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The following is the Easton Company adjusted Trial Balance.
Easton Company | ||
Adjusted Trial Balance | ||
December 31, 2018 | ||
Account Title | Debit | Credit |
Cash | $88,665 | |
Accounts Receivable | 232,400 | |
Supplies | 17,000 | |
Equipment | 395,000 | |
Accumulated Depreciation | $224,260 | |
Accounts Payable | 72,555 | |
Capital Stock | 220,000 | |
Retained Earnings | 127,145 | |
Service Revenue | 881,105 | |
Interest Income | 5,500 | |
Dividends | 9,000 | |
Rent Expense | 59,500 | |
Wages Expense | 529,000 | |
Supplies Expense | 42,000 | |
Utilities Expense | 8,000 | |
Depreciation Expense | 150,000 | ________ |
Totals | $1,530,565 | $1,530,565 |
Use this information to prepare the Single-Step Income Statement for the fiscal year. There are additional lines in the formatted income statement form to allow for authorized alternate presentations.
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