Reference no: EM132593968
Question - 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 make 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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