I-17.

03

Examine the adjusted trial balance. Then examine

the shell financial statements that follow. Select the
boxed areas within the shell financial statements and
use the drop-down pick list to determine which
account logically would appear in the indicated
location. A correct selection will cause the
appropriate dollar amount to populate within the
financial statements and place a check mark beside
the item within the adjusted trial balance. Continue
until all amounts within the trial balance have been
"checked off" and the financial statement totals have
been shaded green.

XYZ Company
Adjusted Trial Balance
For the Year Ending December 31, 20XX

Accounts Debit Credit

Cash $150,000

Accounts receivable 42,000

Prepaid rent 15,000

Land 84,000

Building and equipment 200,000

Accumulated depreciation $ 60,000

Accounts payable 21,000

Unearned revenue 13,000

Notes payable 100,000

Capital stock 75,000

Retained earnings, Jan. 1 174,000

 I-17.03

Revenues 237,000

Wages expense 98,000

Rent expense 45,000

Depreciation expense 20,000

Interest expense 8,000

Dividends 18,000 -

$680,000 $680,000

XYZ Company
INCOME STATEMENT
For the Year Ending December 31, 20XX

$ -

Less:

$ -

- -

Net Income $ -

XYZ Company
STATEMENT OF RETAINED EARNINGS
For the Year Ending December 31, 20XX
 I-17.03

$ -

Net income -

$ -

Retained earnings, Dec. 31 $ -

XYZ Company
Balance Sheet
December 31, 20XX

$ -

$ -

Less: ( - ) -

Total assets $ -

$ -

Dividends -

Total liabilities $ -

$ -
 I-17.03

Retained earnings - -

Total liabilities and equity $ -