Explore BrainMass
Share

Explore BrainMass

    Unadjusted Trial Balance, Income Statement, Statement of Retained Earnings and Balance Sheet

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    1. Journalize the data above, prepare an Unadjusted Trial Balance on the Worksheet + finish the whole Worksheet taking the below-mentioned adjustments into account (see attached file).

    2. Prepare the Income Statement, the Statement of retained Earnings and the Balance Sheet in their correct formats.

    © BrainMass Inc. brainmass.com October 10, 2019, 5:33 am ad1c9bdddf
    https://brainmass.com/business/trial-balance/statement-retained-earnings-balance-sheet-509639

    Attachments

    Solution Preview

    Please see the attachment.

    Feel free to ask for clarifications at any time.

    INTEGRATIVE PROBLEM 1
    The account balances of Rijo Equipment Repair Corp. were as follows:

    During September, the following transactions occurred:

    INSTRUCTIONS:

    1. Journalize the data above, prepare an Unadjusted Trial Balance on the Worksheet + finish the whole Worksheet taking the below-mentioned adjustments into account:

    2. Prepare the Income Statement, the Statement of retained Earnings and the Balance Sheet in their correct formats

    1.
    GENERAL JOURNAL
    Date Narration Debit Credit
    8-Sep Salaries payable 1,100
    Cash 1,100
    Being the salaries paid for both September and other ...

    Solution Summary

    The expert examines the statement of retained earnings and balance sheets.

    $2.19