7 Account TitleCashAccounts ReceivableSuppliesLandBuildingAccumulated DepreciationAccounts PayableSalaries PayableCommon StockRetained EarningsDividendsFees EarnedSalary ExpenseSupplies ExpenseDepreciation ExpenseMiscellaneous ExpenseUnadjustedTrial BalanceDr.9,95023,6902,51020,14018,9503,08018,0001,90098,220For the Year Ended March 31, 20Y9UnadjustedTrial BalanceCr.2,6306,4008,00016,16065,03098,220Adjustments AdjustmentsDr.Cr.3102,1101,2603,680Based on the preceding spreadsheet, prepare an income statement for Paoli Consulting.Paoli ConsultingIncome Statement2,1101,2603103,680AdjustedTrial BalanceDr.9,95023,69040020,14018,9503,08018,3102,1101,2601,90099,790AdjustedTrial BalanceCr.3,8906,4003108,00016,16065,03099,790

Income Statement: It implies a financial statement of the company that reflects or shows all the…

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

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 20MC: Which of the following is a measurement of earnings that represents the profit before interest,...

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