E4-9 The adjusted trial balance for Apachi Company is presented in E4-8.
Instructions
(a) Prepare an income statement and a retained earnings statement for the year. There were no
issuances of common stock during the year.
(b) Prepare a classified balance sheet at July 31.
data from E4-8
APACHI COMPANY
Adjusted Trial Balance
July 31, 2008
No. Account Titles Debits Credits
101 Cash $ 14,840
112 Accounts Receivable 8,780
157 Equipment 15,900
167 Accumulated Depreciation $ 7,400
201 Accounts Payable 4,220
208 Unearned Rent Revenue 1,800
311 Common Stock 20,000
320 Retained Earnings 25,200
332 Dividends 16,000
404 Commission Revenue 65,000
429 Rent Revenue 6,500
711 Depreciation Expense 4,000
720 Salaries Expense 55,700
732 Utilities Expense 14,900
$130,120 $130,120
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