Create income statement and balance sheet from the trial balance below. Company Co. Trial Balance As of December 31st, 2005 Account Debit Credit Cash $339,700 $0 Account Receivable $401,305 Revenue $401,305 Depreciation Expense $2,000 Rent/Insurance $23,000 Marketing Expense $1,000 Loan Payable $300 Equity $500,000 Utilities Expense $4,000 Accumulated Depreciation $2,000 Intangible Asset $63,800 Wage Expense $120,000 R&D Expense $2,000 Account

Sep 8, 2023

Create income statement and balance sheet from the trial balance below.

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Create income statement and balance sheet from the trial balance below. Company Co. Trial Balance As of December 31st, 2005 Account Debit Credit Cash $339,700 $0 Account Receivable $401,305 Revenue $401,305 Depreciation Expense $2,000 Rent/Insurance $23,000 Marketing Expense $1,000 Loan Payable $300 Equity $500,000 Utilities Expense $4,000 Accumulated Depreciation $2,000 Intangible Asset $63,800 Wage Expense $120,000 R&D Expense $2,000 Account
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Company Co.
Trial Balance
As of December 31st, 2005
Account Debit Credit
Cash $339,700 $0
Account Receivable $401,305
Revenue $401,305
Depreciation Expense $2,000
Rent/Insurance $23,000
Marketing Expense $1,000
Loan Payable $300
Equity $500,000
Utilities Expense $4,000
Accumulated Depreciation $2,000
Intangible Asset $63,800
Wage Expense $120,000
R&D Expense $2,000
Account Payable $53,800
Total $957,105 $957,105

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