Adjusted Trial Balance Debit Credit Cash $ 54,650 Accounts receivable 28,750 Prepaid insurance Land 8,000 22,000 Accounts payable Salaries payable $ 14,300 4,250 Common stock 50,000 Retained earnings 38,900 Dividends 36,000 Service revenue 257,350 Insurance expense 32,000 Salaries expense Miscellaneous expense 126,500 56,900 364,800 364,800

Adjusted Trial Balance Debit Credit Cash $ 54,650 Accounts receivable 28,750 Prepaid insurance Land 8,000 22,000 Accounts payable Salaries payable $ 14,300 4,250 Common stock 50,000 Retained earnings 38,900 Dividends 36,000 Service revenue 257,350 Insurance expense 32,000 Salaries expense Miscellaneous expense 126,500 56,900 364,800 364,800

Name: From the above Company Z adjusted trial balance, prepare simple financ
Uploaded: 2024-03-04T10:43:15.000Z
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Description: From the above Company Z adjusted trial balance, prepare simple financial statements, as follows:A. Income StatementB. Statement of Owner’s EquityC. Balance Sheet (simple—unclassified) Adjusted Trial BalanceDebitCreditCash$ 54,650Accounts receivable2

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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