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Prepare the Balance Sheet for the fiscal year

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Reference no: EM132446477

Question - The following is the Easton Company's adjusted Trial Balance.

Easton 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

$1,526,565

Required - 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.

Reference no: EM132446477

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