Question: Worksheet data for Albanese Company are presented in E. No common stock was issued during April. Instructions Prepare an income statement, a retained earnings statement,

Worksheet data for Albanese Company are presented in E. No common stock was issued during April.


Worksheet data for Albanese Company are presented in E. No


Instructions
Prepare an income statement, a retained earnings statement, and a classified balancesheet.

Albanese Company Worksheet (partial) For the Month Ended April 30, 2014 Adjusted Trial Balance Income Statement Balance Sheet Account Titles Cr. Dr Dr Cr Cash Accounts Receivable Prepaid Rent Equipment 7,442 7,840 23,000 Depreciation-Equip. Notes Payable Accounts Payable Common Stock Retained Earnings Dividends Service Revenuc Salaries and Wages Expense Rent Expense Depreciation Expense Interest Expense Interest Payable Totals 4,800 5,700 22,000 4,000 3,000 12,590 9,840 760 57 2 54,819 54,819

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