Account Title Cash Accounts Receivable Supplies Land Building Accumulated Depreciation Accounts Payable Salaries Payable Common Stock Retained Earnings Dividends Fees Earned Salary Expense Supplies Expense Depreciation Expense Miscellaneous Expense Unadjusted Trial Balance Dr. 9,950 23,690 2,510 20,140 18,950 3,080 18,000 1,900 98,220 Unadjusted Trial Balance Cr. 2,630 6,400 8,000 16,160 65,030 98,220 Adjustments Adjustments Dr. Cr. 310 2,110 1,260 3,680 Based on the preceding spreadsheet, prepare an income statement for Paoli Consulting. Paoli Consulting Income Statement 2,110 1,260 310 3,680 Adjusted Trial Balance Dr. 9,950 23,690 400 20,140 18,950 3,080 18,310 2,110 1,260 1,900 99,790 Adjusted Trial Balance Cr. 3,890 6,400 310 8,000 16,160 65,030 99,790
Account Title Cash Accounts Receivable Supplies Land Building Accumulated Depreciation Accounts Payable Salaries Payable Common Stock Retained Earnings Dividends Fees Earned Salary Expense Supplies Expense Depreciation Expense Miscellaneous Expense Unadjusted Trial Balance Dr. 9,950 23,690 2,510 20,140 18,950 3,080 18,000 1,900 98,220 Unadjusted Trial Balance Cr. 2,630 6,400 8,000 16,160 65,030 98,220 Adjustments Adjustments Dr. Cr. 310 2,110 1,260 3,680 Based on the preceding spreadsheet, prepare an income statement for Paoli Consulting. Paoli Consulting Income Statement 2,110 1,260 310 3,680 Adjusted Trial Balance Dr. 9,950 23,690 400 20,140 18,950 3,080 18,310 2,110 1,260 1,900 99,790 Adjusted Trial Balance Cr. 3,890 6,400 310 8,000 16,160 65,030 99,790
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
7
Transcribed Image Text:Account Title
Cash
Accounts Receivable
Supplies
Land
Building
Accumulated Depreciation
Accounts Payable
Salaries Payable
Common Stock
Retained Earnings
Dividends
Fees Earned
Salary Expense
Supplies Expense
Depreciation Expense
Miscellaneous Expense
Unadjusted
Trial Balance
Dr.
9,950
23,690
2,510
20,140
18,950
3,080
18,000
1,900
98,220
For the Year Ended March 31, 20Y9
Unadjusted
Trial Balance
Cr.
2,630
6,400
8,000
16,160
65,030
98,220
Adjustments Adjustments
Dr.
Cr.
310
2,110
1,260
3,680
Based on the preceding spreadsheet, prepare an income statement for Paoli Consulting.
Paoli Consulting
Income Statement
2,110
1,260
310
3,680
Adjusted
Trial Balance
Dr.
9,950
23,690
400
20,140
18,950
3,080
18,310
2,110
1,260
1,900
99,790
Adjusted
Trial Balance
Cr.
3,890
6,400
310
8,000
16,160
65,030
99,790
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