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ABC Company Adjusted Trial Balance 31 December, 2017 Account Name Cash Accounts Recievable office Suppliers office equipments Vehicle Duilding Accounts Payable Noted Payable Ref Debit Credit S 400,00o.00 30,000.00 45,000.0O 15,000.00 40,000.00 300,000.0O $ 100,00o.00 50,000.00 500,000.0o Common Stock Retained Earnings 20,000.00 S 700,000.00 Sales Revenues Cost of goods sold 400,000.00 50,000.00 20,000.0O Salaries expenses Rent expenses Supplies expenses Advertising 10,000.00 30,000.00 30,000.00 $1.370.000.00 S1.370.000.00 Insurance Total

ABC Company Adjusted Trial Balance 31 December, 2017 Account Name Cash Accounts Recievable office Suppliers office equipments Vehicle Duilding Accounts Payable Noted Payable Ref Debit Credit S 400,00o.00 30,000.00 45,000.0O 15,000.00 40,000.00 300,000.0O $ 100,00o.00 50,000.00 500,000.0o Common Stock Retained Earnings 20,000.00 S 700,000.00 Sales Revenues Cost of goods sold 400,000.00 50,000.00 20,000.0O Salaries expenses Rent expenses Supplies expenses Advertising 10,000.00 30,000.00 30,000.00 $1.370.000.00 S1.370.000.00 Insurance Total

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Make income statement , retained earnings and balance sheet from trial balance.

ABC Company Adjusted Trial Balance 31 December, 2017 Account Name Cash Accounts Recievable office Suppliers office equipments Vehicle Duilding Accounts Payable Noted Payable Common Stock Retained Earnings Sales Revenues Cost of goods sold Salaries expenses Rent expenses Supplies expenses Advertising Insurance Total Ref Debit Credit 400,000.00 30,000.00 45,000.00 15,000.00 40,000.0O 300,000.0O 100,000.0o 50,000.00 $ 500,000.00 20,000.0O S 700,000.00 400,000.o0 50,000.00 20,000.0O 10,000.0O 30,000.0O 30,000.0O $1.370.000.00 $1.370.000.00 S5555
Transcribed Image Text:ABC Company Adjusted Trial Balance 31 December, 2017 Account Name Cash Accounts Recievable office Suppliers office equipments Vehicle Duilding Accounts Payable Noted Payable Common Stock Retained Earnings Sales Revenues Cost of goods sold Salaries expenses Rent expenses Supplies expenses Advertising Insurance Total Ref Debit Credit 400,000.00 30,000.00 45,000.00 15,000.00 40,000.0O 300,000.0O 100,000.0o 50,000.00 $ 500,000.00 20,000.0O S 700,000.00 400,000.o0 50,000.00 20,000.0O 10,000.0O 30,000.0O 30,000.0O $1.370.000.00 $1.370.000.00 S5555
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