ACG2021 Final Exam Adjusted Trial Balance
Requirement:
Using this adjusted trial balance, complete an income statement, a statement of retained earnings, and a balance sheet. Make sure all three are in good form.
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Bertrand Irrigation System |
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Adjusted Trial Balance |
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December 31, 2018 |
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Balance |
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Account Title |
Debit |
Credit |
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Cash |
$12,000 |
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Accounts Receivable |
46,200 |
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Office Supplies |
17,700 |
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Prepaid Insurance |
4,600 |
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Building |
58,000 |
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Accumulated Depreciation—Building |
$24,300 |
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Equipment |
26,000 |
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Accumulated Depreciation—Equipment |
7,600 |
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Accounts Payable |
27,100 |
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Interest Payable |
1,800 |
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Salaries Payable |
4,200 |
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Unearned Revenue |
1,900 |
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Notes Payable (long-term) |
19,600 |
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Common Stock |
18,000 |
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Retained Earnings |
18,000 |
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Dividends |
2,400 |
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Service Revenue |
70,000 |
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Insurance Expense |
1,300 |
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Salaries Expense |
16,700 |
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Supplies Expense |
1,500 |
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Interest Expense |
1,800 |
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Depreciation Expense—Equipment |
2,700 |
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Depreciation Expense—Building |
1,600 |
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Total |
$192,500 |
$192,500 |
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