Prepare an income statement statement of retained earnings

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Prepare an income statement, statement of retained earnings, and balance sheet. To do so you will need to determine the missing amounts for A, B, C, and D. The name of the business is Oak Manufacturing and the accounting period coincides with the calendar year. The balance in the Retained Earnings account as of December 31, 2015 is $6,600.

Oak Manufacturing

Adjusted Trial Balance

December 31, 20x5

Cash

$   1,590


Accounts Receivable

3,600


Supplies

60


Prepaid Insurance

60


Office Equipment

6,000


Accumulated Depreciation-Office Equipment


$ "B"

Accounts Payable


1,600

Salaries Payable


210

Common Stock


2,000

Retained Earnings


"D"

Service Revenue


6,600

Salaries Expense

"A"


Supplies Expense

240


Insurance Expense

300


Depreciation Expense-Office Equipment

       300

______


$"C"

$15,510

Reference no: EM13576496

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