The adjusted trial balance for Plevin Company is presented below.
|
PLEVIN COMPANY Adjusted Trial Balance July 31, 2014
|
|
Account Titles
|
Debit
|
Credit
|
|
101
112
157
|
Cash
Accounts Receivable Equipment
|
$ 9,840
8,780
15,900
|
|
|
158
|
Accumulated Depreciation-Equip.
|
|
$ 7,400
|
|
201
|
Accounts Payable
|
|
4,220
|
|
208
|
Unearned Rent Revenue
|
|
1,800
|
|
301
|
Owner"s Capital
|
|
45,200
|
|
306
|
Owner"s Drawings
|
16,000
|
|
|
400
|
Service Revenue
|
|
64,000
|
|
429
|
Rent Revenue
|
|
6,500
|
|
711
|
Depreciation Expense
|
8,000
|
|
|
726
|
Salaries and Wages Expense
|
55,700
|
|
|
732
|
Utilities Expense
|
14,900
|
|
|
|
$129,120
|
$129,120
|
Instructions
(a) Prepare an income statement and an owner"s equity statement for the year. Plevin did not make any capital investments during the year.
(b) Prepare a classified balance sheet at July 31.