Business, 07.06.2020 03:01, malibu777

The adjusted trial for Online Advertising Services if presented below. Online Advertising Services Adjusted Trial Balance December 31, 2016 Account title Debit Credit
Cash $13,500
Accounts receivable 13,800
Office supplies 7,700
Furniture 17,500
Accumulated depreciation—furniture $13,500
Building 467,500
Accumulated depreciation—building 38,500
Land 17,500
Accounts payable 9,500
Salaries payable 8,000
Unearned revenue 12.5
Common stock 29,500
Retained earnings 30,000
Dividends 15,500
Service revenue 37,900
Salaries expense 24,000
Supplies expense 8,300
Depreciation expense—furniture 1,500
Depreciation expense—building 2,100
Advertising expense 10,500
Total $179,400 $179,400

Required:
a. Prepare the income statement for the year ending December 31, 2016.
b. Prepare the statement of retained earnings for the year ending December 31, 2016.
c. Prepare the unclassified balance sheet as of December 31, 2016. Use the account form.

Answers: 3

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The adjusted trial for Online Advertising Services if presented below. Online Advertising Services A...