(A) Journalize any relevant adjusting entries.
(B) Prepare an adjusted trial balance.
(C) Prepare a multiple step income statement and a statement of retained earnings for the year ended September 30, 2018.
Extracted text: The trial balance of Tees Electrical Tees Electrical contained the following information at the end of the company's fiscal period: TEES ELECTRICAL Trial Balance September 30, 2018 Debit $37,700 33,700 43,000 8,800 65,000 Credit Cash Accounts receivable Merchandise Inventory Store Supplies Store Equipment Accumulated Depreciation - Store Equipment Delivery Equipment Accumulated Depreciation - Delivery Equipment Investment property Notes Payable Accounts Payable Common Stock Retained Earnings Dividends Sales Bank charges Cost of Goods Sold Salaries Expense Advertising Expense Utilities Expense Repair Expense Delivery Expense Rent Expense $35,000 38,000 6,000 40,000 65,000 19,800 80,000 30,000 12,000 757,200 6,200 505,400 110,000 26,400 14,000 12,100 16,700 24,000 $993,000 $993.000
Extracted text: Additional Information: 1. Store supplies on hand total $3,500. 2. Depreciation is $12,000 on the store equipment and $6,000 on the delivery equipment. 3. The note is an 8% note payable. 4. The income tax due and unpaid at September 30" is $3,000. 5. $3,000 of the Note payable is due for payment next year. Required: