The adjusted trial balance for Sunland's Animations is presented below. Cash SUNLAND'S ANIMATIONS Adjusted Trial Balance December 31, 2024 Accounts receivable Prepaid expenses Equipment Accumulated depreciation-equipment Accounts payable Unearned revenue M. Sunland, capital M. Sunland, drawings Service revenue Rent expense Salaries expense Supplies expense Depreciation expense Debit $3,400 4,200 2,500 46,000 17,000 8,600 22,800 2,200 5,750 Credit $17,250 5,700 9,900 15,000 64,600 $112,450 $112,450

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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The adjusted trial balance for Sunland's Animations is presented below.
Cash
SUNLAND'S ANIMATIONS
Adjusted Trial Balance
December 31, 2024
Accounts receivable
Prepaid expenses
Equipment
Accumulated depreciation-equipment
Accounts payable
Unearned revenue
M. Sunland, capital
M. Sunland, drawings
Service revenue
Rent expense
Salaries expense
Supplies expense
Depreciation expense
Debit
$3,400
4,200
2,500
46,000
17,000
8,600
22,800
2,200
5,750
Credit
$17,250
5,700
9,900
15,000
64,600
$112,450 $112,450
Transcribed Image Text:The adjusted trial balance for Sunland's Animations is presented below. Cash SUNLAND'S ANIMATIONS Adjusted Trial Balance December 31, 2024 Accounts receivable Prepaid expenses Equipment Accumulated depreciation-equipment Accounts payable Unearned revenue M. Sunland, capital M. Sunland, drawings Service revenue Rent expense Salaries expense Supplies expense Depreciation expense Debit $3,400 4,200 2,500 46,000 17,000 8,600 22,800 2,200 5,750 Credit $17,250 5,700 9,900 15,000 64,600 $112,450 $112,450
Prepare an income statement for the year. (Enter negative amounts using either a negative sign
preceding the number e.g. -45 or parentheses e.g. (45).)
+
SUNLAND'S ANIMATIONS
Income Statement
+
$
$
$
Transcribed Image Text:Prepare an income statement for the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) + SUNLAND'S ANIMATIONS Income Statement + $ $ $
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