Question: Using the adjusted trial balance shown below, prepare (a) an Income Statement (b) a Retained Earnings Statement and (c) a Balance Sheet for European Auto
Using the adjusted trial balance shown below, prepare (a) an Income Statement (b) a Retained Earnings Statement and (c) a Balance Sheet for European Auto Body, Inc. (d) Closing entries ALYNA AND SLAUGHTER AUTO BODY, LLC Adjusted Trial Baance February 28, 2019 Debit Credit $18,200 34,200 2,100 24,400 Cash Accounts Receivable Supplies Shop Equipment Accumulated Depreciation Shop Equipment Accounts Payable Notes Payable Capital Wihdrawal (Dividend) Fees earned Rent expense Wages expense S 400 $16,200 3,200 33,800 15,000 115,000 Supples expense Utilities expense Depreciation expense: shop equipment 8,000 62,000 2,500 1,800 400 $168,600 $168,600
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