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The adjusted trial balance for Plevin Company is presented below.
PLEVIN COMPANY Adjusted Trial Balance July 31, 2014
Account Titles
Debit
Credit
101112
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
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.
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