Using the OKABE Company Adjusted trial balance, prepare: Usando el trial balance

Question

Using the OKABE Company Adjusted trial balance, prepare: Usando el trial balance ajustado de OKABE prepare: (a) Income Statement (b) Owner's Equity Statement (c) Classified Balance Sheet OKABE COMPANY Adjusted Trial Balance July 31, 2017 No. 101 12 Account Titles Debit Credit Cash $ 9,840 8,780 15,900 Accounts Receivable Equipment Accumulated Depreciation-Equip. Accounts Payable Unearned Rent Revenue Owner's Capital Owner's Drawings $ 7400 208 301 306 4,220 1,800 45,200 16,000 400Service Revenue 429 Rent Revenue 64,000 6,500 8,000 55,700 14.900 11 Depreciation Expense 726 732 Salaries and Wages Expense Utilities Expense $129,120 $129,120

Explanation / Answer

Income statement :

Owner's equity statement :

Balance sheet

Revenue Service revenue 64000 Rent revenue 6500 Total revenue 70500 Expense Depreciation expense 8000 Salaries and wages expense 55700 Utilities expense 14900 Total expense 78600 Net income (loss) -8100

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