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Unformatted text preview: 4. Using a worksheet, enter the trial balance and adjusting entries, and prepare the adjusted trial balance. 5. Prepare the income statement, the statement of changes in owners equity (retained earnings) and the balance sheet (non-classified). Soffer Services Ltd. Trial Balance 31-Dec-05 (amounts in thousands) Debit Credit Cash 198 $ Accounts Receivable 370 Supplies 6 Furniture & Fixtures 100 Accumulated Amortization - Furniture & Fixtures 40 $ Building 250 Accumulated Amortization - Building 130 Accounts Payable 380 Salary Payable-Unearned Service revenue 45 Income tax payable-Common shares 100 Retained earnings 193 Dividends 65 Service revenue 286 Salary Expense 172 Supplies expense Amortization expense - furniture & fixtures Amortization expense - building Income tax expense Miscellaneous expense 13 1,174 $ 1,174 $...
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- Fall '11
- Trial Balance