IV.
Prepare 2018 Financial Statements - 27 points
Applebee Consulting
Adjusted Trial Balance
12/31/2018
Applebee Consulting
Income Statement
For the Year Ended December 31, 2018
Revenues
Cash
450
Accounts Receivable
405
Prepaid Insurance
90
Building
1,800
Accumulated Depreciation-Building
360
Expenses
Accounts Payable
216
Unearned Revenue
54
Applebee Capital, 1/1/2018
900
Applebee Withdrawals
45
Service revenue
1,710
Rent revenue
90
Net Income
Wages Expense
162
Utility Expense
198
Depreciation Expense
180
Applebee Consulting
Statement of Owner's Equity
For the Year ended December 31, 2018
Applebee Capital, 01/01/18
Net Income
Withdrawals
Applebee Capital, 12/31/18
Applebee's Consulting
Balance Sheet
December 31, 2018
Assets
Total Assets
Liabilities
Total Liabilities
Owner's equity
Total Nabilities and owner's equity