11.) The following is the Easton Company adjusted Trial Balance. Easton

Company

Adjusted Trial Balance

December 31, 2018

Account Title

Debit

Credit

Cash

$88,665 

Accounts Receivable

232,400 

Supplies

17,000 

Equipment

395,000 

Accumulated Depreciation

$224,260 

Accounts Payable

72,555 

Capital Stock

220,000 

Retained Earnings

127,145 

Service Revenue

881,105 

Interest Income

5,500 

Dividends

9,000 

Rent Expense

59,500 

Wages Expense

529,000 

Supplies Expense

42,000 

Utilities Expense

8,000 

Depreciation Expense

150,000 

________

     Totals

$1,530,565 

$1,530,565 

Use this information to prepare the Single-Step Income Statement for the fiscal year. There are additional lines in the formatted income statement form to allow for authorized alternate presentations. 

 

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