Question: Time left 1 : 1 1 : 2 3 1 0 stion 4 yet wered ked out of 0 0 lag stion Given the following

Time left 1:11:23
10
stion 4
yet
wered
ked out of
00
lag
stion
Given the following trial balance and additional information, create the Income Statement, Statement of Changes in Equity, and Statement of Financial Position.
Finish att
You can upload your answer in the space provided below. If you have answered with pen and paper you will need to submit a photo or scan. If you use Excel or Word you will upload the Excel or Word file. No other file formats will be accepted. Specific accepted file types are listed below.
Additional Information:
1-Prepaid rent relates to rent paid on Jan 1,2019 for the entire year of 2019.
2-Year end inventory count determined that there were $800 of supplies on hand at Dec 31,2019.
\table[[,\table[[Parkside Cleaners],[Adjusted Trial Balance],[December 31,2019]],,],[,,,],[Cash,11,000,Credit,],[Supplies,1,800,,],[Accounts receivable (net),6,400,,],[Inventory,400,,],[Prepaid rent,1,200,,],[Equipment,140,000,,],[Accumulated depreciation - equipment,,48,000,],[Store fixtures,8,000,,],[Accumulated depreciation-store fixtures,,6,000,],[Accounts payable,,1,600,],[Salaries payable,,3,200,],[Common shares,,10,000,],[Retained earnings,5,000,44,000,],[Dividends declared,,180,500,],[Sales revenue,84,000,,],[Salaries expense,4,000,,],[Insurance expense,11,000,,],[Depreciation expense,200,,],[Bad debt expense,200,,],[Supplies expense,6,800,,],[Utilities expense,13,300,,],[Rent expense,293,300,293,300,],[,,,]]
Time left 1 : 1 1 : 2 3 1 0 stion 4 yet wered ked

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!