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Question
The following is the Tango Company's adjusted Trial Balance.
Tango Company
Adjusted Trial Balance
December 31, 2018
Account Title Debit Credit
Cash $88,665
Accounts Receivable 232,000
Supplies 17,000
Equipment 395,000
Accumulated Depreciation $224,260
Accounts Payable 72,555
Capital Stock 220,000
Retained Earnings 127,145
Service Revenue 877,105
Interest Income 5,500
Dividends 7,000
Rent Expense 59,900
Wages Expense 529,000
Supplies Expense 40,000
Utilities Expense 8,000
Depreciation Expense 150,000
________Totals
$1,526,565
Use this information to prepare the Balance Sheet for the fiscal year. There are additional lines in the formatted Balance Sheet form to allow for authorized alternate presentations.
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