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The following is the Easton Company adjusted Trial Balance.
The following is the Easton Company adjusted Trial Balance.
Easton Company
Adjusted Trial Balance
December 31, 2018
Account Title
Debit
Credit
Cash
$88,665
Accounts Receivable
232,400
Supplies
17,000
Equipment
395,000
Accumulated Depreciation
$224,260
Accounts Payable
72,555
Capital Stock
220,000
Retained Earnings
127,145
Service Revenue
881,105
Interest Income
5,500
Dividends
9,000
Rent Expense
59,500
Wages Expense
529,000
Supplies Expense
42,000
Utilities Expense
8,000
Depreciation Expense
150,000
________
Totals
$1,530,565
$1,530,565
Use this information to prepare the Single-Step Income Statement for the fiscal year. There are additional lines in the formatted income statement form to allow for authorized alternate presentations.
