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2/7/2021 Requirements 1. Prepare the income statement for the year ending December 31, 2018. 2. Prepare the statement of retained earnings for the year
2/7/2021 Requirements 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. 2/7/2021 Neon Advertising Services Adjusted Trial Balance December 31, 2018 Data Table Balance Account Title Debit Credit Cash $ 13,600 Accounts Receivable 10,500 Office Supplies 6,800 Land 18,700 Building 52,000 Accumulated Depreciation-Building $ 35,200 19,500 Furniture Accumulated Depreciation-Furniture 13,900 Accounts Payable 10,100 Salaries Payable 7,500 Unearned Revenue 17,600 Common Stock 30,500 Retained Earnings 32,700 Dividends 17,200 Service Revenue 43,900 Salaries Expense 29,000 Supplies Expense 9,600 Depreciation Expense-Building 2,800 Depreciation Expense-Furniture 700 11,000 Advertising Expense $ 191,400 $ 191,400 Total
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