Prepare a single-step income statement for year 2019. 4b. Prepare the statement of retained earnings (cash dividends during 2019 were $15,000) for 2019. 4c. Prepare a classified balance sheet as at 2019. a. Correct (reconciled) ending balance of Cash; and the amount of the omitted check. b. Adjustment needed to obtain the correct ending balance of the Allowance for Doubtful Accounts. c. Depreciation expense for the truck used during year 2019. d. Depreciation expense for the two items of equipment used during year 2019. e. The adjusted 2019 ending balances of the Extermination Services Revenue and Unearned Services Revenue accounts. (Do not round your intermediate calculations.) f. The adjusted 2019 ending balances of the accounts for Warranty Expense and Estimated Warranty Liability. g. The adjusted 2019 ending balances of the accounts for Interest Expense and Interest Payable.

Service revenue is a revenue account that tracks the income a company makes by selling its customers' goods and services. Along with other forms of revenue and company expenses, it is included in the income statement. Service revenue is recognized under the accrual basis of accounting.

Depreciation is an accounting technique for spreading out the expense of a tangible item over the course of its useful life. How much of an asset's value has been consumed is shown through depreciation. It enables businesses to purchase assets over a predetermined length of time and generate income from those assets. In single-step income statements, revenue and profits are subtracted from losses and costs to get the company's net income. These statements are helpful for making an evaluation that rely on profits or net income even if they lack a lot of detail. Retained Earnings are calculated as follows: Cash Dividends - Stock Dividends - Retained Earnings Beginning Period Balance + Current Period Net Profit (- Current Period Net Loss).

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