Selected yearend account balances from the adjusted trial ba

Selected year-end account balances from the adjusted trial balance as of December 31, 2017, for Pina Colada Corp. is provided below Debit $74,050 26,830 13,460 217,060 92,920 Credit Accounts Receivable Dividends Depreciation Expense Equipment Salaries and Wages Expense Accounts Payable Accumulated Depreciation-Equipment Unearned Rent Revenue Service Revenue Rent Revenue Rent Expense Retained Earnings Supplies Expense $54,060 117,100 23,360 187,480 6,320 3,670 63,040 1,430

Solution

Retained Earnings Beg. Bal. 63040 Dividends 26830 Net income 82320 End. Bal. 118530