Question: The adjusted trial balance for Chef on Demand Catering, Inc., is presented below. Prepare the income statement and statement of retained earnings for Chef on

The adjusted trial balance for Chef on Demand Catering, Inc., is presented below. Prepare the income statement and statement of retained earnings for Chef on Demand Catering, Inc., for the month ended January 31, 2016. Also prepare a balance sheet at January 31, 2016.

Chef on Demand Catering, Inc. Adjusted Trial Balance January 31, 2016 DEBIT $15,100 6,500 ACCOUNT CREDIT Cash Accounts R


Chef on Demand Catering, Inc. Adjusted Trial Balance January 31, 2016 DEBIT $15,100 6,500 ACCOUNT CREDIT Cash Accounts Receivable Supplies Equipment Accumulated Depreciation, Equipment Accounts Payable Salaries Payable 500 24,300 $ 9,900 4,000 800 2,600 9,000 11,100 Unearned Service Revenue Common Stock Retained Earnings Dividends 1,100 Service Revenue 18,400 4,200 2,300 Salaries Expense Rent Expense Depreciation Expense, Equipment Supplies Expense 1,300 500 Total $55,800 $55,800

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