Prepare 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, 2015 is $6,600.
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Oak Manufacturing
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Adjusted Trial Balance
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December 31, 20x5
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Cash
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$ 1,590
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Accounts Receivable
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3,600
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Supplies
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60
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Prepaid Insurance
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60
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Office Equipment
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6,000
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Accumulated Depreciation-Office Equipment
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$ "B"
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Accounts Payable
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1,600
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Salaries Payable
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210
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Common Stock
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2,000
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Retained Earnings
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"D"
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Service Revenue
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6,600
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Salaries Expense
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"A"
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Supplies Expense
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240
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Insurance Expense
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300
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Depreciation Expense-Office Equipment
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300
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______
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$"C"
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$15,510
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