The adjusted trial balance for Windsor Company, Ltd. is presented in E4-8. WINDSOR COMPANY, LTD. Adjusted Trial
Question:
The adjusted trial balance for Windsor Company, Ltd. is presented in E4-8.
WINDSOR COMPANY, LTD.
Adjusted Trial Balance
July 31, 2017
Instructions
(a) Prepare an income statement and a retained earnings statement for the year.
(b) Prepare a classified statement of financial position at July 31.
Transcribed Image Text:
No. Account Titles Debit Credit 0 Cash 112 Accounts Receivable 157 158 Accumulated Depreciation-Equip. 201 Accounts Payable 208 Unearned Rent Revenue 311 Share Capital-Ordinary 320 Retained Earnings 332 Dividends 400 Service Revenue 429 Rent Revenue 711 Depreciation Expense 726 Salaries and Wages Expense 732 Utilities Expense £ 9,840 8,140 15,900 Equipment E 5,400 2,220 3,800 18,000 20,260 12,000 64,000 3,700 55,700 14,900 2 £120,180 £120,180
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a WINDSOR COMPANY LTD Income Statement For the Year Ended July 31 2017 Revenues Service revenue 640...View the full answer
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Related Book For
Financial Accounting
ISBN: 978-1118978085
IFRS 3rd edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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