1.The adjusted trial balance of Cooper Co. as of December 31, 2019, contains the following.[7 Points]

Account title

Amount(Debit)

Amount(Credit)

Cash

19,470

-

Accounts Receivable

6,922

-

Prepaid rent

2,280

-

Equipment

18,050

-

Accumulated Depreciation

-

4,895

Notes Payable

-

5,700

Accounts Payable

-

5,472

Common Stock

-

20,000

Retained Earnings

-

11,310

Dividends

3.000

-

Service Revenue

11,590

Salaries Expense

6,840

Rent Expense

2, 260

-

Depreciation Expense

145

-

Interest Expense

83

-

Interest Payable

83

Total

59,050

59,050

Instructions:

Prepare an Income Statement, Statement of Retained Earnings and Balance Sheet after taking the following adjustments.

1.Unpaid salaries SR 2,160

2.Accrued service revenue SR 3, 410

3.Prepaid rent SR 260