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Quizzes – ACCT 220 638 X
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100
Baltimore Company as related to Barbara’s earnings . ( Round to the closest cent )
Your Answer :"
Answer
Question 1 1 ( 15 points )\
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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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