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Exercise 4-9 Apachi Company

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E4-9 The adjusted trial balance for Apachi Company is presented in E4-8.

data from E4-8
Apachi Company
Adjusted Trial Balance
No. Account Titles Debits Credits 
101Cash  14,840
112Accounts Receivable  8,780
157Equipment  15,900
167Accumulated Depreciation 7,400
201Accounts Payable  4,220
208Unearned Rent Revenue  1,800
311Common stock 20,000
320Retained earnings 25,200
332Dividends 16,000
404Commission revenue 65,000
429Rent revenue 6,500
711Depreciation expense 4,000
720Salaries expense 55,700
732Utilities expense 14,900
 130,120 130,120

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.

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