REGUIRED:

USING THE INCOME STATEMENT AND ALL INFORMATION BELOW PLEASE COMPUTE TRIAL BALANCE WITH ADJUSTING JOURNAL ENTRIES: (Begining Balance (DrCr), Adjusting entries(DrCr), Ending Balance(DrCr)

Income Statement FPI For vear ending December 31, 2015 Revenue from sales Sales returns and allowances Cost of goods sold Gross profit from operations Of. her i noo me: Dividend income Interest income Gross income Expenses: Compensation Depreciation Bad debt expense Meals and entertainment Maintenance Business interest Propertv taxes Charitable contributions [Ether taxes Rent Advertising Professional services Emplovee benefits Supplies Other expenses Total expenses Net income $ QBDHUU l'lDDUl l'l ll 5 860.1300 55 153300 BiUU $ BBQDUU $ll l'lDUUl l14,l lll lil l1.UUUl {EDDIE} {10.121013} {31000} {28*001'3} l14,DUl lllll \"2.13001 lEJJUU} {21,l l??1.l $ 'lQDU December 31 January 1 Assets Cash $ Ei Amunts receivable 300,000 NIEM'EI nee fer deub'tful accounts lBD,DDD} II'I'I'EFIIDW 45mm State and local bands sedan Investments in stock: EZDDD Fixed assets 'IEID,DDD Ammulated depreciatibn lEDjDD} Other assets 20mm Tetal assets $595,DDD Liabilities and Sharehnlders' Equity Amunts payable $ 30,000 Other cunent liabilities 5,DDD Other liabilities 1D,DDD Capital std-dc Zj Retained earnian 320mm Tetal liabilities and shareholders equity.r $595,DDD $143,000 310,000 {53. 000i snubs 33,000 82,000 100,000 {30,000l 21,000 $543,000 $ 55,000 3.000 14mm: seems 359,000 seasons