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Given the Adjusted Trial Balance Below,prepare (In Good Form)an Income

Question 236

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Given the adjusted trial balance below,prepare (in good form)an income statement,statement of retained earnings,and balance sheet.The name of the business is Duncore Secretarial Service and the accounting period coincides with the calendar year.
 Duncore Secretarial Service Adjusted Trial Balance December 31, 2010 Cash $265 Accounts Receivable 600 Supplies 10 Prepaid Insurance 10 Office Equipment 1,000 Accumulated Depreciation-Office Equipment 150 Accounts Payable 600 Salaries Payable 35 Common Stock 500 Retained Earnings 200 Service Revenue Earned 1,100 Salaries Expense 560 Supplies Expense 40 Insurance Expense 50 Depreciation Expense-Office Equipment 50$2,585$2,585\begin{array}{c} \text { Duncore Secretarial Service}\\ \text { Adjusted Trial Balance}\\ \text { December 31, 2010}\\\begin{array}{|l|r|r|}\hline \text { Cash } & \$265 \\\text { Accounts Receivable } & 600 \\\text { Supplies } & 10 \\\text { Prepaid Insurance } & 10 \\\text { Office Equipment } & 1,000\\\text { Accumulated Depreciation-Office Equipment } &&150 \\\text { Accounts Payable } &&600 \\\text { Salaries Payable } &&35 \\\text { Common Stock } && 500 \\\text { Retained Earnings } && 200 \\\text { Service Revenue Earned } & &1,100\\\text { Salaries Expense } & 560 \\\text { Supplies Expense } & 40 \\\text { Insurance Expense } & 50 \\\text { Depreciation Expense-Office Equipment } & 50 \\&\$2,585&\$2,585\\\hline \end{array}\end{array}

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