The following is the Easton Company adjusted Trial Balance. Easton Company Adjusted Trial Balance December 31, 2018 Account Title Debit Credit
The following is the Easton Company adjusted Trial Balance. Easton Company
Adjusted Trial Balance December 31, 2018
Account Title Debit Credit
Cash Debit $88,665
Accounts Receivable Debit 232,400
Supplies Debit 17,000
Equipment Debit 395,000
Accumulated Depreciation Credit $224,260
Accounts Payable Credit 72,555
Capital Stock Credit 220,000
Retained Earnings Credit 127,145
Service Revenue Credit 881,105
Interest Income Credit 5,500
Dividends Debit 9,000
Rent Expense Debit 59,500
Wages Expense Debit 529,000
Supplies Expense Debit 42,000
Utilities Expense Debit 8,000
Depreciation Expense 150,000
Totals Total Credit $1,530,565 Total Credit $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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