Prepare an income statement, statement of retained earnings, andbalance sheet. To do so you will need to determine the missingamounts for A, B, C, and D. The name of the business is OakManufacturing and the accounting period coincides with the calendaryear. The balance in the Retained Earnings account as of December31, 2015 is $6,600.
Oak Manufacturing
Adjusted Trial Balance
December 31, 20x5
Cash
$ 1,590
Accounts Receivable
3,600
Supplies
60
Prepaid Insurance
60
Office Equipment
6,000
Accumulated Depreciation
Prepare an income statement, statement of retained earnings, andbalance sheet. To do so you will need to determine the missingamounts for A, B, C, and D. The name of the business is OakManufacturing and the accounting period coincides with the calendaryear. The balance in the Retained Earnings account as of December31, 2015 is $6,600.
Oak Manufacturing | ||
Adjusted Trial Balance | ||
December 31, 20x5 | ||
Cash | $ 1,590 | |
Accounts Receivable | 3,600 | |
Supplies | 60 | |
Prepaid Insurance | 60 | |
Office Equipment | 6,000 | |
Accumulated Depreciation | ||
Related questions
| ACC 121 -Financial Statement Problem | |||||||
| Given the adjustedtrial balance below, prepare (in good form) an income statement,statement of retained earnings, and balance sheet. The name of thebusiness Income Solutions, Inc and the accounting period coincideswith the calendar year. | |||||||
| Income Solutions, Inc | |||||||
| Adjusted Trial Balance | |||||||
| December 31, 20x5 | |||||||
| Cash | $ 695 | ||||||
| Accounts Receivable | 1,700 | ||||||
| Supplies | 45 | ||||||
| Prepaid Insurance | 45 | ||||||
| Office Equipment | 2,500 | ||||||
| Accumulated Depreciation - Office Equipment | $ 400 | ||||||
| Accounts Payable | 1,700 | ||||||
| Salaries Payable | 100 | ||||||
| Common Stock | 1,000 | ||||||
| Retained Earnings | 900 | ||||||
| Service Revenue | 2,855 | ||||||
| Salaries Expense | 1,650 | ||||||
| Supplies Expense | 110 | ||||||
| Insurance Expense | 110 | ||||||
| Depreciation Expense - Office Equipment | 100 | ||||||
| $ 6,955 | $ 6,955 | ||||||
Given the adjusted trial balance below, prepare (in good form) an income statement, statement of owner's equity, and balance sheet. The name of the business is Duncore Secretarial Service and the accounting period coincides with the calendar year.
| Duncore Secretarial Service | ||
| Adjusted Trial Balance | ||
| December 31, 2010 | ||
| Cash | $ 265 | |
| Accounts Receivable | 600 | |
| Supplies | 10 | |
| Prepaid Insurance | 10 | |
| Office Equipment | 1,000 | |
| Accumulated DepreciationâOffice Equipment | $ 150 | |
| Accounts Payable | 600 | |
| Salaries Payable | 35 | |
| Marina Duncore, Capital | 700 | |
| Service Revenue | 1,100 | |
| Salaries Expense | 560 | |
| Supplies Expense | 40 | |
| Insurance Expense | 50 | |
| Depreciation ExpenseâOffice Equipment | 50 | ______ |
| $2,585 | $2,585 | |
