The adjusted trial balance of Pioneer Advertising as of October 31, 2016 is as below: Pioneer...

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The adjusted trial balance of Pioneer Advertising as of October 31, 2016 is as below: Pioneer Advertising Account Names Cash Accounts Receivable Allowance for Doubtful accounts Supplies Prepaid insurance Equipment Accumulated Depreciation - Equipment Notes payable Accounts payable interest payable Unearned service revenue Salaries and wages payable Common stock Dividends Service revenue Salaries and wages Supplies Expense rent Expense Insurance Expense Interest Expense Depreciation expense - Equipment Bad Debt Expense Total Adjusted Trial Balance Debit 80,000 74,000 5,000 11000 50,000 5000 52,000 20,000 9000 1000 625 800 2000 312425 Debit 0 800 50,000 31000 625 4000 12000 100,000 112000 312425 1. Required: Please prepare Income Statement, Retained Earnings Statement and balance sheet Statement? The adjusted trial balance of Pioneer Advertising as of October 31, 2016 is as below: Pioneer Advertising Account Names Cash Accounts Receivable Allowance for Doubtful accounts Supplies Prepaid insurance Equipment Accumulated Depreciation - Equipment Notes payable Accounts payable interest payable Unearned service revenue Salaries and wages payable Common stock Dividends Service revenue Salaries and wages Supplies Expense rent Expense Insurance Expense Interest Expense Depreciation expense - Equipment Bad Debt Expense Total Adjusted Trial Balance Debit 80,000 74,000 5,000 11000 50,000 5000 52,000 20,000 9000 1000 625 800 2000 312425 Debit 0 800 50,000 31000 625 4000 12000 100,000 112000 312425 1. Required: Please prepare Income Statement, Retained Earnings Statement and balance sheet Statement?

Answer rating: 100% (QA)

Income Statement Service Revenue 112000 Less Expenses Salaries and Wages Expense 52000 Supplies E... View the full answer