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

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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.

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

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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 provided by:
Chidi Ngene, M. Sc.
Education
  • B. Sc., University of Nigeria
  • M. Sc., London South Bank University
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