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Home Q & A Board Other Fields Homework Help Business Accounting
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Tomm Tomm
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6 years ago
The adjusted trial balance for Fine Porter Inc. as of December 31, 2013, is shown below. Prepare the income statement and statement of retained earnings for the year ended December 31, 2013.
   Fine Porter Inc.
   Adjusted Trial Balance
   December 31, 2013   
   Debit   Credit
Cash   $30,500
Accounts receivable   23,200
Supplies   3,950
Prepaid insurance   2,600
Equipment   48,500
Accumulated depreciation-equipment      $18,800
Accounts payable      3,500
Unearned service revenue      8,700
Salary payable      1,650
Common shares       24,000
Retained earnings      20,000
Dividends    6,000
Service revenue      70,300
Salary expense   25,850
Supplies expense   1,850
Insurance expense   700
Depreciation expense-equipment   900
Utilities expense   2,900   ________
   $146,950   $146,950
Textbook 
Financial Accounting, Canadian Edition

Financial Accounting, Canadian Edition


Edition: 5th
Authors:
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AlexmosutheAlexmosuthe
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