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Posted: July 22nd, 2023
Baker High School ACC 121 Given the adjusted trial balance below, prepare
Given the adjusted trial balance below, prepare (in good form) an income statement, statement of retained earnings, and balance sheet. To do so you will need to determine the missing amounts for A, B, C, and D. The name of the business is Oak Manufacturing and the accounting period coincides with the calendar year. The balance in the Retained Earnings account as of December 31, 20X5 is $6,600.Oak ManufacturingAdjusted Trial BalanceDecember 31, 20x5Cash$ 1,590Accounts Receivable3,600Supplies60Prepaid Insurance60Office Equipment6,000Accumulated DepreciationâOffice Equipment$ âBâAccounts Payable1,600Salaries Payable210Common Stock2,000Retained EarningsâDâService Revenue6,600Salaries ExpenseâAâSupplies Expense240Insurance Expense300Depreciation ExpenseâOffice Equipment 300______$âCâ$15,510
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