Reference no: EM132559213
Question - The following is the Frederick Company's adjusted Trial Balance.
Frederick Company Adjusted Trial Balance December 31, 2018
Account Title Debit Credit
Cash $85,150
Accounts Receivable 229,140
Supplies 16,955
Equipment 395,285
Accumulated Depreciation $221,260
Accounts Payable 74,235
Capital Stock 220,000
Retained Earnings 101,145
Service Revenue 893,105
Interest Income 1,500
Dividends 2,000
Rent Expense 58,500
Wages Expense 527,260
Supplies Expense 42,520
Utilities Expense 8,595
Depreciation Expense 145,840
Totals $1,522,565 $1,522,565
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. Hint: you must close out temporary accounts to arrive at adjusted retained earnings balance.