The following information is the adjusted trial balance of Coyote Consulting Inc. for the year...
60.1K
Verified Solution
Link Copied!
Question
Accounting
The following information is the adjusted trial balance of Coyote Consulting Inc. for the year ending on 12/31/2022.
Debit Credit
Cash $1,600
Accounts receivable 2,000
Inventory 3,000
Prepaid rent 200
Equipment 2,100
Accumulated depreciation-equipment 100
Accounts payable 200
Unearned service revenue 50
Common stock 2,000
Retained earnings 4,500
Dividend 500
Sales revenue 11,000
Rent revenue 1,000
Interest revenue 250
Costs of goods sold 7,900
Salaries and wages expense 700
Rent expense 600
Travel expense 500
Total $19,100 $19,100
Instructions: Prepare
- Income statement for the year ended on 12/31/2022
- Statement of retained earnings for the year ended on 12/31/2022 &
- Balance sheet as of 12/31/2022.
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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.