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1 question with 3 parts, thank you! The adjusted trial balance for Chiara Company as of December 31 follows. Credit $ Debit 96,400 56,000 23,000
1 question with 3 parts, thank you!
The adjusted trial balance for Chiara Company as of December 31 follows. Credit $ Debit 96,400 56,000 23,000 171,000 16,000 174,000 $ 65,000 146,000 21,000 87,000 Cash Accounts receivable Interest receivable Notes receivable (due in 90 days) Office supplies Automobiles Accumulated depreciation-Automobiles Equipment Accumulated depreciation-Equipment Land Accounts payable Interest payable Salaries payable Unearned fees Long-term notes payable Common stock Retained earnings Dividends Fees earned Interest earned Depreciation expense-Automobiles Depreciation expense-Equipment Salaries expense Wages expense Interest expense office supplies expense Advertising expense Repairs expense-Automobiles Totals 98,000 45,000 21,000 32,000 142,000 31,580 284, 220 49,000 504,000 22,000 26,500 22,000 190,000 47,000 35,600 35,400 63,500 27,400 $1,265,800 $1,265,800 Prepare the income statement for the year ended December 31. CHIARA COMPANY Income Statement For Year Ended December 31 + Required Required B > Complete this question by entering your answers in the tabs below. Required A Required B Required C Prepare the statement of retained earnings for the year ended December 31. [Note: Retained Earnings at December 31 of the prior year was $284,220.] CHIARA COMPANY Statement of Retained Earnings For Yoar Ended December 31 Retained earnings, Dec.31 prior year end Retained earnings, Dec 31 current year end Step by Step Solution
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