Learning Goal: I’m working on a accounting question and need an explanation and answer to help me learn.
Use the Adjusted Trial Balance for Anderson Service Company to prepare the classified balance sheet at September 30, 2016. Use the report form. You must compute the ending balance of Retained Earnings.
Anderson Service Company
Adjusted Trial Balance
September 30, 2016
|Accumulated Depreciation, Equipment||1,500|
|Depreciation Expense – Equipment||600|
|Notes Payable (long-term)||20,000|
|Retained Earnings, August 31, 2016||8,100|
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