HANSON STORAGE Adjusted Trial Balance December 31 ..$3.050 400 830 80 4,200 Cash
ID: 2337170 • Letter: H
Question
HANSON STORAGE Adjusted Trial Balance December 31 ..$3.050 400 830 80 4,200 Cash Accounts receivable Prepaid insurance Office supplies Office equipment Accumulated depreciation-office equipment. Buildings Accumulated depreciation-buildings.. Land Wages payable Property taxes payable Interest payable Unearned rent Long-term notes payable Common stock Retained earnings Dividends Rent earned Wages expense Utilities expense. $ 1.100 98,000 28,000 115.000 880 1,400 2,200 460 150,000 15,000 25,340 21,000 57,500 25,000 1,900 2,400 800 250 400 5,570 Office supplies expense Depreciation expense-office equipment Depreciation expense-buildings. Interest expense Totals $281 880 $281880 21. Prepare an income statement from the adjusted trial balance of Hanson Storage 22. Prepare a statement of retained earnings from the adjusted trial balance of Hanson Storage. 23. Prepare a balance sheet from the adjusted trial balance of Hanson Storage.Explanation / Answer
Income statement :
Statement of retained earning
Balance sheet
Revenue Rent earned 57500 Expense Wages expense 25000 Utilities expense 1900 Property tax expense 2400 Insurance expense 800 Office supplies expense 250 Depreciation-Office equipment 400 Depreciation-Building 5570 Interest expense 3000 Total expense 39320 Net income (loss) 18180Related Questions
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