The adjusted trial balance figures for Todd’s Landscaping Service follow (for December 31st, 2009). Use these account balance figures to generate a balance sheet for the business for the end of the month: Cash - $70,000 Accounts Receivable - $443,000 Building - $180,000 Equipment – $100,000 Accumulated Depreciation (Bldg) - $40,000 Accumulated Depreciation (Equip) - $35,000 Wage Expense - $22,000 A/P - $30,000 Service Revenue - $210,000 TH, Capital - $500,000 From the account balances, generate an income statement, a statement of owner’s equity and a balance sheet for a hypothetical small business.

The adjusted trial balance figures for Todd’s Landscaping Service follow (for December 31st,

2009). Use these account balance figures to generate a balance sheet for the business for the

end of the month:

Cash - $70,000

Accounts Receivable - $443,000

Building - $180,000

Equipment – $100,000

Accumulated Depreciation (Bldg) - $40,000

Accumulated Depreciation (Equip) - $35,000

Wage Expense - $22,000

A/P - $30,000

Service Revenue - $210,000

TH, Capital - $500,000

 

From the account balances, generate an income statement, a statement of owner’s equity and a balance sheet for a hypothetical small business.

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