September 2023 Following is the adjusted trial balance of Perfect Game Lanes for the

2024 Following is the adjusted trial balance of Perfect Game Lanes for the year ended December 31, 20XX. Assignment Help

Following is the adjusted trial balance of Perfect Game Lanes for the 2023

Following is the adjusted trial balance of Perfect Game Lanes for the year ended December 31, 20XX. Adjusted Trial Balance ($) Debit Credit Cash 1,575 Bowling supplies 590 Prepaid insurance 180 Bowling equipment 36,565 Accumulate depreciation, bowling equipment 13,515 Mortgage payable 10,000 Walter Hall, capital 14,025 Walter Hall, withdrawals 9,000 Bowling revenue 35,500 Salaries expense 13,970 Advertising expense 750 Equipment repairs 420 Rent expense 3,550 Utilities expense 1,135 Taxes expense 305 Interest expense 350 Bowling supplies expense 1,830 Insurance expense 395 Depreciation expense, bowling equipment 3,875 Salaries payable 315 Rent payable 1,150 Taxes payable 85 Prepaid interest 100 Totals 74,590 74,590 Required: Using the adjusted trial balance prepare an income statement and balance sheet in good form.

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