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4 The adjusted trial balance for Chiara Company as of December 31 follows. Accounts receivable Cash nts B 03:09:50 eBook Interest receivable Notes receivable
4 The adjusted trial balance for Chiara Company as of December 31 follows. Accounts receivable Cash nts B 03:09:50 eBook Interest receivable Notes receivable (due in 90 days) Office supplies Automobiles Accumulated depreciation-Automobiles Equipment Accumulated depreciation-Equipment Land Accounts payable Interest payable Debit $ 133,100 Credit 52,000 19,800 172,500 15,500 173,000 $ 85,000 140,000 28,000 82,000 98,000 50,000 Salaries payable 17,000 Unearned revenue 32,000 Print Long-term notes payable 150,000 Common stock 29,580 Retained earnings 266,220 Dividends 46,000 Services revenue 484,000 Interest revenue 32,000 Depreciation expense-Automobiles 27,500 Depreciation expense-Equipment 20,500 Salaries expense 184,000 Wages expense 48,000 Interest expense Advertising expense 35,000 Office supplies expense 34,000 57,500 Repairs expense-Automobiles 31,400 Totals $ 1,271,800 $ 1,271,800 Required: Use the information in the adjusted trial balance to prepare (a) the income statement for the year ended December 31; (b) the statement of retained earnings for the year ended December 31 [Note: Retained Earnings at December 31 of the prior year was $266,220.]; and (c) the balance sheet as of December 31. Complete this question by entering your answers in the tabs below. Required A Required B Required C
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