uscomedugenstudentmainfruni FLEMING COMPANY Worksheet For th

us.com/edugen/student/mainfr.uni FLEMING COMPANY Worksheet For the Year Ended December 31, 2017 Income Statement Balance Sheet Account Account Titles Dr. Cr. Dr. Cr. No. 101 112 130 157 158 201 212 311 Common Stock 320 332 400 622 Cash 8,900 10,800 2,800 24,000 Accounts Receivable Prepaid Insurance Equipment Accumulated Depreciation-Equip. Accounts Payable Salaries and Wages Payable 4,500 9,000 2,400 12,000 7,500 Retained Earnings Dividends Service Revenue Maintenance and Repairs Expense1,600 Depreciation Expense Insurance Expense Salaries and Wages Expense Utilities Expense 11,000 60,000 3,100 722 726 732 1,800 30,000 Totals 37,900 60,000 57,500 35,400 22,100 60,000 60,000 57-500 57,500 Net Income 22,100 (a1) Policy 1 2000-2018 John Wiley & Sons, Inc. All I Rights Reserved. A Division of John Wiley & Sons, Inc. 5

Solution

Statement of Retained earnings: Beginning Balance of Retained earnings 7500 Add: Net income computed above 22100 29600 Less: Dividend paid 11000 Ending balance of Retained earnings 18600