Skolnick Co. was organized on April 1, 2022. The company prepares quarterly financial statements. The following adjusted

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Skolnick Co. was organized on April 1, 2022. The company prepares quarterly financial statements. The following adjusted balance amounts at June 30 are in alphabetical order.

Асcount Adjusted Account Adjusted Bal. Bal. Prepaid Rent Accounts Payable $ 1,510 $ 900 Accounts Rent Receivable 600 Expense 1,500 Accumulated Depreciation- Equipment Rent 850 Revenue 800 Retained Earnings (April 1) Cash 6,700 Salaries and Wages Expense Common Stock 14,000 9,400 Salaries and Depreciation Expense Wages Payable 850 400 Service

a. Prepare an income statement for the quarter ended June 30, 2022.

b. Prepare a retained earnings statement for the quarter ended June 30, 2022.

c. Prepare a classified balance sheet at June 30, 2022.

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Survey Of Accounting

ISBN: 9781119594536

2nd Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt

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