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Question - Below are the adjusted accounts of Slate Realtors, for the month ended Oct. 31, 2010, listed in alphabetical order:
Accounts Payable $1,100
Accounts Receivable 4.800
Accumulated Depreciation- Office Equipment 6,000
Cash 2,400
Commissions Revenue 10,800
Common Stock 4,000
Depreciation Expense- Office Equipment 300
Dividends 1,500
Income Taxes Expense 100
Income Taxes Payable 100
Office Equipment 15,000
Prepaid rent 2,200
Retained Earnings 8,000
Salaries Expense 3,500
Utilities Expense 200
Required -
a. Prepare income statement of Slate Realtors.
b. Prepare Statement of Retained Earnings.
c. Prepare balance sheet.
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