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The adjusted trial balance figures for Todd’s Landscaping
Service follow (for December 31st,
2009). Use these account balance figures to generate a balance
sheet for the business for the
end of the month:
Cash – $70,000
Accounts Receivable – $443,000
Building – $180,000
Equipment – $100,000
Accumulated Depreciation (Bldg) – $40,000
Accumulated Depreciation (Equip) – $35,000
Wage Expense – $22,000
A/P – $30,000
Service Revenue – $210,000
TH, Capital – $500,000
 
From the account balances, generate an income statement, a
statement of owner’s equity and a balance sheet for a hypothetical
small business.

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