E4-9 The adjusted trial balance for Apachi Company is presented in E4-8

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E4-9 The adjusted trial balance for Apachi Company is presented in E4-8. Instructions (a) Prepare an income statement and a retained earnings statement for the year. There were noissuances of common stock during the year. (b) Prepare a classified balance sheet at July 31. APACHI COMPANY Adjusted Trial Balance July 31, 2008 No. Account Titles Debits Credits 101 Cash $ 14,840 112 Accounts Receivable 8,780 157 Equipment 15,900 167 Accumulated Depreciation $ 7,400 201 Accounts Payable 4,220 208 Unearned Rent Revenue 1,800 311 Common Stock 20,000 320 Retained Earnings 25,200 332 Dividends 16,000 404 Commission Revenue 65,000 429 Rent Revenue 6,500 711 Depreciation Expense 4,000 720 Salaries Expense 55,700 732 Utilities Expense 14,900 $130,120 $130,120

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