The adjusted trial balance for Roth Company is presented in E.

Instructions
(a) Prepare an income statement and a retained earnings statement for the year.
(b) Prepare a classified balance sheet at July31.

Transcribed Image Text:

Roth Company Adjusted Trial Balance July 31, 2014 No. Account Titles Debits Credits 10 Cash 112 Accounts Receivable 157 Equipment 167 Accumulated Depreciation-Equip. 20 Accounts Payable 208 Uncarned Rent Revenue 311 Common Stock 320 Retained Earnings 332 Dividends 404 Service Revenue 429 Rent Revenuc $ 9,840 8,140 15,900 S 5,400 2,220 3,800 18,000 20,260 12,000 64,000 6,500 7 Depreciation Expense 720 Salaries and Wages Expense 732 Utilities Expense 3,700 55,700 14,900 S120,180 $120,180