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- Noelles Napkins Company has the following Adjusted Trial Balance on July 31st 2023
Noelles Napkins
Adjusted Trial Balance
FME July 31, 2023
Account Name Debit Credit
Cash $84,000
Accounts Receivable $75,000
Inventory $62,000
Prepaid Insurance $12,500
Supplies $8,500
Land $55,000
Building $200,000
Accum Dep-Blg $40,000
Equipment $90,000
Accum Dep-Equip $12,000
Accounts Payable $35,000
Unearned Revenue $40,000
Bonds Payable $100,000
STOCK $251,400
Retained Earnings $0
DIVIDEND $20,000
Revenue $238,000
Rent Expense $25,000
Salary Expense $76,000
Utility Expense $8,400 _______
Total $716,400 $716,400
Required:
Prepare the Income Statement, Statement of Retained Earnings & The Balance Sheet for Month end July 31st 2023 on a word document.
Answer & Explanation
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