The following is the Easton Company adjusted Trial Balance. Easton Company Adjusted Trial Balance December 31, 2018
Question:
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.
Horngrens Financial And Managerial Accounting The Financial Chapters
ISBN: 9780134486840
6th Edition
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura