4. Complete the following work sheet for Residential Enterprises. Residential...
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Accounting
4. Complete the following work sheet for Residential Enterprises.
| Residential Enterprises Work sheet For the Year Ended December 31, 2016 | ||||||
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| Adjusted Trial Balance | Income Statement | Balance Sheet | |||
| Account Title | Debit | Credit | Debit | Credit | Debit | Credit |
| Cash | 14,500 |
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| Accounts Receivable | 7,500 |
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| Supplies | 500 |
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| Equipment | 20,500 |
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| Accumulated Depr-Equip |
| 15,000 |
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| Accounts Payable |
| 9,500 |
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| Wages Payable |
| 3,060 |
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| Capital Stock |
| 13,240 |
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| Retained Earnings, 1/1/16 |
| 5,000 |
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| Dividends | 1,000 |
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| Fees Earned |
| 34,000 |
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| Wages Expense | 18,000 |
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| Rent Expense | 9,300 |
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| Depreciation Expense | 8,500 |
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| Totals | 79,800 | 79,800 |
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| Net Income (Loss) |
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