From the following Company B adjusted trial balance, prepare simple financial statements, as follows: Income Statement Retained Earnings Statement Balance Sheet
From the following Company B adjusted trial balance, prepare simple financial statements, as follows: Income Statement Retained Earnings Statement Balance Sheet
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
From the following Company B adjusted
- Income Statement
Retained Earnings StatementBalance Sheet
![Adjusted Trial Balance
Debit
Credit
$ 77,800
19,500
7,650
Cash
Accounts receivable
Supplies
Accounts payable
Taxes payable
$ 8,500
5,350
35,000
95,300
Common stock
Fees earned revenue
Operating expense
39,200
144,150
144,150](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe19e1755-e335-4d91-9c76-4d1a7642369e%2F68dbbc8f-df00-47fa-acee-c29146d20dae%2Flz09g9l_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Adjusted Trial Balance
Debit
Credit
$ 77,800
19,500
7,650
Cash
Accounts receivable
Supplies
Accounts payable
Taxes payable
$ 8,500
5,350
35,000
95,300
Common stock
Fees earned revenue
Operating expense
39,200
144,150
144,150
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