Question

The adjusted trial balance for Frinzi Company is given in below.

FRINZI COMPANY Trial Balance August 31, 2015

Exercise 3-14 (Part Level Submission) The adjusted trial balance for Frinzi Company is given in below. FRINZI COMPANY Trial Balance August 31, 2015 After Adjustment Before Adjustment Dr. Cr. Dr. Cr. Cash $10,261 $10,261 Accounts Receivable 8,657 9,881 Supplies 2,364 551 Prepaid Insurance 3,812 2,634 Equipment 14,319 14,319 Accumulated Depreciation-Equipment 3,728 $4,333 Accounts Payable 5,748 5,748 Salaries and Wages Payable 1,302 Unearned Rent Revenue 1,505 707 Common Stock 11,338 11,338 Retained Earnings 3,600 3,600 Service Revenue 35,410 34,186 11,089 Rent Revenue 11,887 Salaries and Wages Expense 16,891 18,193 Supplies Expense 0 1,813 Rent Expense 14,890 14,890 Insurance Expense 0 1,178 Depreciation Expense 605 $74,325 $71,194 $71,194 $74,325 Your answer is partially correct. Try again Prepare the income statement for the year. FRINZI COMPANY Income Statement For the Year Ended August 31, 2015 Revenues X 34,186 Service Revenue 11,089 Rent Revenue Total Revenues 45275 Expenses X Salaries and Wages Ex 16,891 Supplies Expense 1,813 Rent Expense 14,890 Insurance Expense 1,178 Depreciation Expense 605 Total Expenses 35377 Net Income/ (Loss) 9,098

Answer 1

n the Basis 4 Adjusted Trial Palance FRINZI Company August 31,2015.9n Come statemet OM Sevvice Revenue 35,410 Rent Revenue $11,887 Revenue Salaries and wnges Expenses Total $47297 $18193 Supplies Exp. 1,813 Rent Exp |14,890 gnsuramce Expense ,178 Depreciation Expemse 605 Total Expense $36679 Net 9n comeftoss) $10618 Alu figures should be taken trom Adjusteol trial Balame not trom afore Adjust ment