fore we loel conr ADT!NTL At September 30, Balance Corporation reported the following unadjusted amounts for its accounts, each of which is considered to be a "normal" balance. That is, an account that normally has a debit balance actually does have a debit balance. Prepare an unadjusted trial balance. Then prepare an Income Statement and Statement of Retained Earnings and a Balance Sheet. Accounts Payable Accounts Receivable $12,000 1,000 Advertising Expense 400 Cash 85,000 64,000 60,000 36,000 42,000 24,800 1,400 600 Contributed Capital Equipment Note Payable Rent Revenue Retained Earnings Supplies Supplies Expense Utilities Expense Wages Expense 22 ndon0 0 2,000 28,400 frckog wn i
fore we loel conr ADT!NTL At September 30, Balance Corporation reported the following unadjusted amounts for its accounts, each of which is considered to be a "normal" balance. That is, an account that normally has a debit balance actually does have a debit balance. Prepare an unadjusted trial balance. Then prepare an Income Statement and Statement of Retained Earnings and a Balance Sheet. Accounts Payable Accounts Receivable $12,000 1,000 Advertising Expense 400 Cash 85,000 64,000 60,000 36,000 42,000 24,800 1,400 600 Contributed Capital Equipment Note Payable Rent Revenue Retained Earnings Supplies Supplies Expense Utilities Expense Wages Expense 22 ndon0 0 2,000 28,400 frckog wn i
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:fore we loel
conr
ADT!NTL
At September 30, Balance Corporation reported the following unadjusted amounts for its accounts, each
of which is considered to be a "normal" balance. That is, an account that normally has a debit balance
actually does have a debit balance. Prepare an unadjusted trial balance. Then prepare an Income
Statement and Statement of Retained Earnings and a Balance Sheet.
Accounts Payable
Accounts Receivable
$12,000
1,000
Advertising Expense
400
Cash
85,000
64,000
60,000
36,000
42,000
24,800
1,400
600
Contributed Capital
Equipment
Note Payable
Rent Revenue
Retained Earnings
Supplies
Supplies Expense
Utilities Expense
Wages Expense
22 ndon0 0
2,000
28,400
frckog
wn i
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