190. Prepare an income statement and a retained earnings statement for the month ended September 30, 2011, from the T accounts below of Carson Company.
Prepaid Insurance
Accounts Receivable
Unearned Revenues
Wages Payable
1,400
1,600
1,200
225
80
500
350
Retained Earnings
Dividends
Income Summary
Fees Earned
6,800
2,400
4,150
3,300
610
2400
4,760
500
2,400
610
350
4,150
Wages Expense
Rent Expense
Insurance Expense
Utilities Expense
3,200
1,130
80
125
225
1,130
80
125
3,425
191. Selected ledger accounts appear below for Fulton Surveying Services for 2014.
Retained Earnings
Dividends
12/31
25,000
1/1
20,000
3/31
12,000
12/31
25,000
12/31
48,000
12/22
13,000
Income Summary
12/31
19,000
12/31
67,000
12/31
48,000
Prepare a retained earnings statement.
192. On the basis of the following data taken from the Adjusted Trial Balance columns of the work sheet for the year ended March 31 for Boles Athletic Company, journalize the four closing entries.
Cash
$ 30,000
Accounts Receivable
45,200
Supplies
5,000
Equipment
169,900
Accumulated Depreciation
$ 32,000
Accounts Payable
12,500
Capital Stock
20,000
Retained Earnings
51,600
Dividends
47,000
Fees Earned
510,000
Salary Expense
244,500
Rent Expense
48,000
Depreciation Expense
25,000
Supplies Expense
9,500
Miscellaneous Expense
2,000
$626,100
$626,100
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