4Using the following worksheet, please prepare an income statement. The data are for the Alcazar Service Co., for the year ended December 31, 2012.
Trial BalanceAdjustmentsAdjusted Trial BalanceIncome StatementBalance Sheet
Account TitleDr.Cr.Dr.Cr.Dr.Cr.Dr.Cr.Dr.Cr.
Cash$1,700$1,700$1,700
Accounts receivable8,500$2,00010,50010,500
Supplies100$802020
Equipment7,5007,5007,500
Accumulated depreciation$2,000240$2,240 $2,240
Accounts payable1,2001,2001,200
Salary payable800180980980
Unearned revenue600600600
Common stock1,0001,0001,000
Retained earnings2,4002,4002,400
Dividends2,3002,3002,300
Service revenue40,0002,00042,000$42,000
Salary expense24,00018024,180$24,180
Supplies expense2,300802,3802,380
Depreciation expense1,6002401,8401,840
$48,000$48,000$2,500$2,500$50,420$50,420$28,400 $42,000 $22,020 $8,420
13,60013,600
$42,000$42,000$22,020 $22,020
5Using the following worksheet, please prepare a statement of retained earnings. The data are for the Alcazar Service Co., for the year ended December 31, 2012.
Trial BalanceAdjustmentsAdjusted Trial BalanceIncome StatementBalance Sheet
Account TitleDr.Cr.Dr.Cr.Dr.Cr.Dr.Cr.Dr.Cr.
Cash$1,700$1,700$1,700
Accounts receivable8,500$2,00010,50010,500
Supplies100$802020
Equipment7,5007,5007,500
Accumulated depreciation$2,000240$2,240 $2,240
Accounts payable1,2001,2001,200
Salary payable800180980980
Unearned revenue600600600
Common stock1,0001,0001,000
Retained earnings2,4002,4002,400
Dividends2,3002,3002,300
Service revenue40,0002,00042,000$42,000
Salary expense24,00018024,180$24,180
Supplies expense2,300802,3802,380
Depreciation expense1,6002401,8401,840
$48,000$48,000$2,500$2,500$50,420$50,420$28,400 $42,000 $22,020 $8,420
13,60013,600
$42,000$42,000$22,020 $22,020
6Using the following worksheet, please prepare a balance sheet. The data are for the Alcazar Service Co., for the year ended December 31, 2012.
Trial BalanceAdjustmentsAdjusted Trial BalanceIncome StatementBalance Sheet
Account TitleDr.Cr.Dr.Cr.Dr.Cr.Dr.Cr.Dr.Cr.
Cash$1,700$1,700$1,700
Accounts receivable8,500$2,00010,50010,500
Supplies100$802020
Equipment7,5007,5007,500
Accumulated depreciation$2,000240$2,240 $2,240
Accounts payable1,2001,2001,200
Salary payable800180980980
Unearned revenue600600600
Common stock1,0001,0001,000
Ret. earnings2,4002,4002,400
Dividends2,3002,3002,300
Service revenue40,0002,00042,000$42,000
Salary expense24,00018024,180$24,180
Supplies expense2,300802,3802,380
Depreciation expense1,6002401,8401,840
$48,000$48,000$2,500$2,500$50,420$50,420$28,400 $42,000 $22,020 $8,420
13,60013,600
$42,000$42,000$22,020 $22,020
Accounts receivable10,500Salaries payable980
Supplies20Unearned revenue600
Equipment$7,500Total liabilities$2,780
Less: Accumulated
depreciation
2,240
5,260
Stockholders’ Equity
Retained earnings13,700
Total stockholders’ equity14,700
Total assets
$17,480Total liabilities and
stockholders’ equity