Homework Answers
| Retained Earnings | |||
| 12/31. | $19,100 | 1/1 Bal. | $8,600 |
| 12/31. | $21,700 | ||
| 12/31. Bal. | $11,200 | ||
| ($11,200 = $8,600 + $21,700 - $19,100) | |||
| Dividends | |||
| 12/31 Bal. | $19,100 | 12/31. | $19,100 |
| Income Summary | |||
| 12/31. | $37,800 | 12/31. | $59,500 |
| 12/31 Bal. | $21,700 | ||
| ($21,700 = $59,500 - $37,800) | |||
| Service Revenue | |||
| 12/31 Bal. | $59,500 | 12/31. | $59,500 |
| Maintenance and Repair Expense | |||
| 12/31. | $1,800 | 12/31 Bal. | $1,800 |
| Depreciation Expense | |||
| 12/31. | $3,200 | 12/31 Bal. | $3,200 |
| Insurance Expense | |||
| 12/31. | $1,900 | 12/31 Bal. | $1,900 |
| Salaries and Wages Expense | |||
| 12/31. | $29,700 | 12/31 Bal. | $29,700 |
| Utilities Expense | |||
| 12/31. | $1,200 | 12/31 Bal. | $1,200 |
The second row figures for service revenue and for all expenses have zero figures so put blanks in second rows.
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FIX THE RED BOXES
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