Prepare an income statement statement of retained earnings

Reference no: EM13576496

Prepare an income statement, statement of retained earnings, and balance sheet. To do so you will need to determine the missing amounts for A, B, C, and D. The name of the business is Oak Manufacturing and the accounting period coincides with the calendar year. The balance in the Retained Earnings account as of December 31, 2015 is $6,600.

Oak Manufacturing
Adjusted Trial Balance
December 31, 20x5
Cash	$ 1,590
Accounts Receivable	3,600
Supplies	60
Prepaid Insurance	60
Office Equipment	6,000
Accumulated Depreciation-Office Equipment		$ "B"
Accounts Payable		1,600
Salaries Payable		210
Common Stock		2,000
Retained Earnings		"D"
Service Revenue		6,600
Salaries Expense	"A"
Supplies Expense	240
Insurance Expense	300
Depreciation Expense-Office Equipment	300	______
	$"C"	$15,510

Reference no: EM13576496

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Prepare an income statement statement of retained earnings

Reference no: EM13576496

Reference no: EM13576496

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