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
31-Jul-08
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

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.