Account Title Cash Accounts Receivable Office Supplies Land Building Accumulated Depreciation-Building Online Advertising Services Adjusted Trial Balance December 31, 2018 Furniture Accumulated Depreciation-Furniture Accounts Payable Salaries Payable Unearned Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Supplies Expense Depreciation Expense-Building Depreciation Expense-Furniture Advertising Expense Total Requirements 1. 2. $ Balance Debit 14,200 15,500 7,800 18,700 51,500 19,300 18,800 25,500 8,600 2,800 800 13,000 Credit $ 35,100 12,900 9,700 7,900 14,500 28,000 50,200 38,200 $ 196,500 $ 196,500 Prepare the income statement for the year ending December 31, 2018. Prepare the statement of retained earnings for the year ending December 31, 2018. 3. Prepare the classified balance sheet as of December 31, 2018. Use the report form.

Account Title Cash Accounts Receivable Office Supplies Land Building Accumulated Depreciation-Building Online Advertising Services Adjusted Trial Balance December 31, 2018 Furniture Accumulated Depreciation-Furniture Accounts Payable Salaries Payable Unearned Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Supplies Expense Depreciation Expense-Building Depreciation Expense-Furniture Advertising Expense Total Requirements 1. 2. $ Balance Debit 14,200 15,500 7,800 18,700 51,500 19,300 18,800 25,500 8,600 2,800 800 13,000 Credit $ 35,100 12,900 9,700 7,900 14,500 28,000 50,200 38,200 $ 196,500 $ 196,500 Prepare the income statement for the year ending December 31, 2018. Prepare the statement of retained earnings for the year ending December 31, 2018. 3. Prepare the classified balance sheet as of December 31, 2018. Use the report form.

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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