Adjusted Trial Balance Debit Credit Cash $ 32,000 Accounts receivable 17,300 Prepaid insurance 6,400 10,000 Land $ 10,900 Accounts payable Salaries payable Common stock 6,000 31,000 Retained earnings Dividends 4,200 8,000 Service revenue 74,000 5,600 Insurance expense Salaries expense Miscellaneous expense 24,000 22,800 126,100 126,100

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
icon
Related questions
Question

Prepare these of the below image

1.Balance sheet.

2.Income Statement.

3.Statement of Retained Earning

Adjusted Trial Balance
Debit
Credit
Cash
$ 32,000
Accounts receivable
17,300
Prepaid insurance
Land
6,400
10,000
Accounts payable
Salaries payable
Common stock
Retained earnings
S 10,900
6,000
31,000
4,200
Dividends
8,000
Service revenue
74,000
Insurance expense
Salaries expense
Miscellaneous expense
5,600
24,000
22,800
126,100
126,100
Transcribed Image Text:Adjusted Trial Balance Debit Credit Cash $ 32,000 Accounts receivable 17,300 Prepaid insurance Land 6,400 10,000 Accounts payable Salaries payable Common stock Retained earnings S 10,900 6,000 31,000 4,200 Dividends 8,000 Service revenue 74,000 Insurance expense Salaries expense Miscellaneous expense 5,600 24,000 22,800 126,100 126,100
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps with 6 images

Blurred answer
Knowledge Booster
Basic Accounting Terms
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
Essentials Of Investments
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
FUNDAMENTALS OF CORPORATE FINANCE
FUNDAMENTALS OF CORPORATE FINANCE
Finance
ISBN:
9781260013962
Author:
BREALEY
Publisher:
RENT MCG
Financial Management: Theory & Practice
Financial Management: Theory & Practice
Finance
ISBN:
9781337909730
Author:
Brigham
Publisher:
Cengage
Foundations Of Finance
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education