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

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

Name: From the following Company Y adjusted trial balance, prepare simple fi
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Description: From the following Company Y adjusted trial balance, prepare simple financial statements, asfollows:A. Income StatementB. Retained Earnings StatementC. Balance Sheet Adjusted Trial BalanceDebitCreditCash$ 32,000Accounts receivablePrepaid insuranceLan

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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