This trial balance and financial statements are for J.P. Peralta Computer Clinic for the month ended December 31, 2020. It shows accounts with debit and credit balances, along with adjustments to various expense and income accounts. The adjusted trial balance, income statement and balance sheet incorporate these adjustments. The income statement shows total revenues of $73,475 and expenses of $55,109, resulting in net income of $18,382.50. The balance sheet lists the company's assets of $213,314 and liabilities and equity of $213,314.
This trial balance and financial statements are for J.P. Peralta Computer Clinic for the month ended December 31, 2020. It shows accounts with debit and credit balances, along with adjustments to various expense and income accounts. The adjusted trial balance, income statement and balance sheet incorporate these adjustments. The income statement shows total revenues of $73,475 and expenses of $55,109, resulting in net income of $18,382.50. The balance sheet lists the company's assets of $213,314 and liabilities and equity of $213,314.
This trial balance and financial statements are for J.P. Peralta Computer Clinic for the month ended December 31, 2020. It shows accounts with debit and credit balances, along with adjustments to various expense and income accounts. The adjusted trial balance, income statement and balance sheet incorporate these adjustments. The income statement shows total revenues of $73,475 and expenses of $55,109, resulting in net income of $18,382.50. The balance sheet lists the company's assets of $213,314 and liabilities and equity of $213,314.