12.
10 Given the information in Company A's adjusted trial balance, prepare the financial statements
requested.
Adjusted Trial Balance-Company A
Account
dr.
cr.
Accounts Receivable
11,300
Prepaid Insurance
14,800
Accounts Payable
10,900
Salaries Payable
14,000
Common Stock
Service Revenue
61,000
Admin. Expenses
42,800
Cash
42,000
110,900
Income Statement
Revenues:
Expenses:
Net Income
Statement of Retained Earnings
Retained Earmings, Jan. 1
$0
Retained Earnings available
18.200
Dividends
0