Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

22. The adjusted trial balance of Ryan Financial Planners appears below. Using the information from the adjusted trial balance, please prepare: (15 Points) 1. an

image text in transcribed

22. The adjusted trial balance of Ryan Financial Planners appears below. Using the information from the adjusted trial balance, please prepare: (15 Points) 1. an income statement. (4 points) 2. a retained earnings statement.(3 points) 3. a balance sheet. (8 points) RYAN FINANCIAL PLANNERS Adjusted Trial Balance December 31, 2014 Credit Debit $ 2,900 2,200 1,800 16,000 Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Equipment Accounts Payable Unearned Service Revenue Common Stock Retained Earnings Dividends Service Revenue Supplies Expense Depreciation Expense Rent Expense $ 4,000 3,300 5,000 10,000 4,400 2,000 4,200 600 2,500 2.900 $30.900 $30.900

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Quicken 2015 For Dummies

Authors: Stephen L. Nelson

1st Edition

1118920139, 978-1118920138

More Books

Students also viewed these Accounting questions

Question

12.3 Explain employment termination of various occupational groups.

Answered: 1 week ago

Question

Define outplacement and severance pay.

Answered: 1 week ago

Question

What would you do?

Answered: 1 week ago