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0 Requirements - X 1. Prepare the income statement for the year ending December 31, 2018. 2. Prepare the statement of retained earnings for the

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0 Requirements - X 1. Prepare the income statement for the year ending December 31, 2018. 2. Prepare the statement of retained earnings for the year ending December 31, 2018 3. Prepare the classified balance sheet as of December 31, 2018. Use the report form. Print Done men continue to the next question. Data Table - X Salem Advertising Services Adjusted Trial Balance December 31, 2018 Balance Account Title Debit Credit Cash 14,500 13,800 7,700 18,300 51,000 $ 35,100 17,600 Accounts Receivable Office Supplies Land Building Accumulated Depreciation-Building Furniture Accumulated Depreciation-Furniture Accounts Payable Salaries Payable Unearned Revenue Common Stock Retained Earnings Dividends 13,900 10,200 7.300 15,500 28,000 41,700 16,500 Service Revenue 43,900 inue to the Print Done i Data Table -X Accounts Receivable Office Supplies 13,800 7,700 18,300 51,000 Land 35,100 17,600 Building Accumulated Depreciation --Building Furniture Accumulated Depreciation-Furniture Accounts Payable Salaries Payable Unearned Revenue Common Stock Retained Earnings Dividends 13,900 10,200 7,300 15,500 28,000 41,700 16,500 Service Revenue 43,900 29,500 Salaries Expense Supplies Expense Depreciation Expense-Building Depreciation Expense-Furniture Advertising Expense 9,300 3,200 1,400 12,800 $ Total 195,600 S 195,600 Print Done to the The adjusted trial balance for Salem Advertising Services is prese B (Click on the icon to view the adjusted trial balance.) Read the requirements. Requirement 1. Prepare the income statement for the year ending December 31, 2018. (Use a minus sign or Salem Advertising Services Income Statement Year Ended December 31, 2018 Net Income (Loss) Requirement 2. Prepare the statement of retained earnings for the year ending December 31, 2018. (Use a minus s Salem Advertising Services Statement of Retained Earnings Vaar Ended December 31 901R Choose from any list or enter any number in the input fields and then continue to the next question. (Click on the icon to view the adjusted trial balance.) Read the requirements Tercome (LUSS) Requirement 2. Prepare the statement of retained earnings for the year ending December 31, 2018. (Use an Salem Advertising Services Statement of Retained Earnings Year Ended December 31, 2018 Retained Earnings, January 1, 2018 Retained Earnings, December 31, 2018 Requirement 3. Prepare the classified balance sheet as of December 31, 2018. Use the account form. Begin by preparing the asset section of the balance sheet and then prepare the liabilities and stockholders' equity se Accumulated.) Salem Advertising Services Balance Sheet December 31, 2018 Assets Choose from any list or enter any number in the input fields and then continue to the next question. The adjusted trial balance for Salem Advertising Services is presented below: B (Click on the icon to view the adjusted trial balance.) Read the requirements. Begin by preparing the asset section of the balance sheet and then prepare the liabilities and stockholders' equity sections. (If a box is Accumulated.) Salem Advertising Services Balance Sheet December 31, 2018 Assets Less: Less: Choose from any list or enter any number in the input fields and then continue to the next question The adjusted trial balance for Salem Advertising Services is presented below: (Click on the icon to view the adjusted trial balance.) Read the requirements. Less: Less: Liabilities Stockholders' Equity Choose from any list or enter any number in the input fields and then continue to the next

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