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Prepare the Balance Sheet for the fiscal year

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Reference no: EM132462927

Problem - 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 Depredation

$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 - Using 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: EM132462927

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