Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. prepare an income statement (2) prepare adjust

Prepare an Income Statement (2) Prepare adjusted trial balance for the...

90.2K

Verified Solution

Question

Accounting

Prepare an Income Statement
image
(2) Prepare adjusted trial balance for the period ended August 31 GR Adjusted Trial Balance August 31, 2017 Debit (S) Credit (S) 19,600 3,375 450 800 20,000 120,000 16,000| Account Titles Cash Prepaid Insurance Supplies Accounts Receivable Land Buildings Equipment Accounts Payable Unearned Rent Revenue ($4,600 - $3,800) Mortagage Payable Interest Payable Salaries and Wages Payable Accumulated Depreciation - Buildings Accumulated Depreciation - Equipment Common Stock Retained Earnings Dividends Rent Revenue ($76,200 + $3,800 + $800) Salaries and Wages Expense ($44,800 + $375) Utilities Expenses Maintenance and Repairs Expense Insurance Expense Supplies Expense Depreciation Expense Interest Expense Total 4,500 800 60,000 1,200 375 1,080 360 91,000 9,000 5,000 80,800 45,175 9,200 3,600 1,125 2,150 1,440 1,200 249,115 249,115 ILang total af Aabito nd a dita aaala to n40 115S

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students