Business
Business, 30.09.2019 23:00, milkshakegrande101

Using the information presented below, prepare an income statement and the balance sheet from the adjusted trial balance of gin yang, culinary academy. gin yang, culinary academy adjusted trial balance december 31 cash $ 5,200 accounts receivable 1,100 prepaid insurance 1,200 office supplies 320 office equipment 3,000 accumulated depreciation–office equipment $ 1,800 buildings 75,000 accumulated depreciation–buildings 26,000 land 135,000 salaries payable 1,285 property taxes payable 3,200 interest payable 3,850 unearned tuition revenue 3,300 notes payable 85,000 gin yang, capital stock 35,000 gin yang, dividends 5,000 tuition revenue 92,855 salaries expense 13,000 utilities expense 1,400 property taxes expense 1,975 insurance expense 1,300 office supplies expense 325 depreciation expense–office equipment 1,120 depreciation expense–buildings 4,850 interest expense 2,500 $252,290 $252,290 totals required: use a spreadsheet to prepare the: income statement balance sheet

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