Carolyn Company has prepared the following alphabetical adjusted trial balance on December 31, 2016:

Required:
Prepare the following 2016 items in proper form for Carolyn:
1. The income statement
2. The retained earnings statement
3. The ending balance sheet
4. The closing entries in the general journal

Transcribed Image Text:

Credit 5,700 Accumulated Depreciation: Buildings Accumulated Depreciation: Equipment Additional Paid-in Capial Administra tive Expenses Allowance for Doubtful Account Common Stock, $1 par (4,000 shares) Current Income Taxes Payable Interest Expense Interest Payable (due July 1, 2017) Notes Payable (due July 1, 2020) Retained Earnings, January 1,2016 54, 900 9,700 1,000 $144,585 $144,585