Instructions Complete this problem as shown. For Question 1, your answer options should be $141,800, $105,800, $146,800, $142,800. Use the following Adjusted Trial Balance and Income Statement, to prepare the Income Statement, Statement of Retained Earnings and Balance Sheet as of 12/31/xx Account Description Accumulated Depreciation, Store Equipment Accounts Receivable Salary Expense Office Supplies Store Equipment Maintenance & Repairs Expense Accounts Payable Advertising Expense Salaries Payable Long-term Notes Payable Rent Expense - Office Space Common Stock Utilities Expense - Office Space Cash Retained Earnings, Beginning Dividends Prepaid Insurance Service Revenue Depreciation Expense - Store Equipment Interest Expense 43,000 18,000 60,000 1,000 215,000 600 16,300 20,000 5,500 8,000 18,000 72,000 6,000 $34,200 60,000 5,000 4,800 215,000 36,000 1,200 Asset, Liab, I/S, B/S or Ret Rev, Exp, CS Earn or Div

Instructions Complete this problem as shown. For Question 1, your answer options should be $141,800, $105,800, $146,800, $142,800. Use the following Adjusted Trial Balance and Income Statement, to prepare the Income Statement, Statement of Retained Earnings and Balance Sheet as of 12/31/xx Account Description Accumulated Depreciation, Store Equipment Accounts Receivable Salary Expense Office Supplies Store Equipment Maintenance & Repairs Expense Accounts Payable Advertising Expense Salaries Payable Long-term Notes Payable Rent Expense - Office Space Common Stock Utilities Expense - Office Space Cash Retained Earnings, Beginning Dividends Prepaid Insurance Service Revenue Depreciation Expense - Store Equipment Interest Expense 43,000 18,000 60,000 1,000 215,000 600 16,300 20,000 5,500 8,000 18,000 72,000 6,000 $34,200 60,000 5,000 4,800 215,000 36,000 1,200 Asset, Liab, I/S, B/S or Ret Rev, Exp, CS Earn or Div

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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