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Flynn Design Agency was founded by Kevin Flynn in January 2009. Presented below is the adjusted trial balance as of December 31, 2010.

05 / 03 / 2018 Assignment

This paper circulates around the core theme of Flynn Design Agency was founded by Kevin Flynn in January 2009. Presented below is the adjusted trial balance as of December 31, 2010. together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 45. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.

Flynn Design Agency was founded by Kevin Flynn in January 2009. Presented below is the adjusted trial balance as of December 31, 2010.

Flynn Design Agency

Adjusted Trial Balance

December 31, 2010

Account Titles Dr Cr

Cash $10,000

Accounts Receivable 21,500

Art Supplies 5,000

Prepaid Insurance 2,500

Printing Equipment 60,000

Accumulated Depreciation $35,000

Accounts Payable 8,000

Interest Payable 150

Notes Payable 5,000

Unearned Advertising Revenue 5,600

Salaries Payable 1,300

Common Stock 10,000

Retained Earnings 3,500

Advertising Revenue 58,500

Salaries Expense 12,300

Insurance Expense 850

Interest Expense 500

Depreciation Expense 7,000

Art Supplies Expense 3,400

Rent Expense 4,000

Total $127,050 $127,050

Prepare a single-step income statement for the year ending December 31, 2010.

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