Purpose an income statement and retained earnings statement

Assignment Help Financial Accounting

Reference no: EM1310254

GOODE COMPANY

Worksheet (partial)

For the Month Ended April 30, 2008

Adjusted Trial Income
	Balance		Statement		Balance Sheet
Account Titles	DEBIT	CREDIT	DEBIT	CREDIT	DEBIT	CREDIT
Cash	13,752
Accounts Receivable	7,840
Prepaid Rent	2,280
Equipment	23,050
Accumulated Depreciation		4,921
Notes Payable		5,700
Accounts Payable		5,672
Common Stock		25,000
Retained Earnings		5,960
Dividends	3,650
Service Revenue		15,590
Salaries Expense	10,840
Rent Expense	760
Depreciation Expense	671
Interest Expense	57
Interest Payable		57
Totals	62,900	62,900

Complete the worksheet.

Worksheet data for Goode Company are presented in E4-2. No common stock was issued during April.

Instructions

Prepare an income statement, a retained earnings statement, and a classified balance sheet.

Reference no: EM1310254

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