Question: References Review View Help Editing 16 A A B I U AA Given the adjusted trial balance for Quebec Inc. below as of December 31,

References Review View Help Editing 16 A A B I U AA Given the adjusted trial balance for Quebec Inc. below as of December 31, 2019 prepare the income statement for the year ended December 31, 2019. Adjusted Trial Balance Cash Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation-equipment Accounts payable Unearned service revenue Salary payable Common shares Retained earnings Dividends Service revenue Salary expense 31-Dec-19 Debit Credit $82,500 41,200 2550 820 42,000 $15,800 16,500 22,700 27,750 23,295 40,000 7,000 82,500 32,850 3,225 Supplies expense 4700 Insurance expense 8400 Depreciation expense-equipment 3.300 Utilities expense $228,545 $228,545 HeaderReferences Review View Help Editing 16 A A B I U AA

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!