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45. Beachside Realty rents condominiums and furnishings. Below isthe trial balance at December 31 Prepare an come Statement, statement of Retained Earnings and a Balance

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45. Beachside Realty rents condominiums and furnishings. Below isthe trial balance at December 31 Prepare an come Statement, statement of Retained Earnings and a Balance Sheet. Cash Debit Credit Accounts Receivable 1,500 Interest Receivable 2,000 Prepaid Insurance Notes Receivable (ong-term) Equipment 1,600 2,800 Accumulated Depreciation 15,000 Accounts Payable 3,000 2,400 Accrued Expenses Payable 3,920 Income Taxes Payable 2,700 Unearned Rent Fees 500 Common Stock 5,000 Retained Earnings 2,700 Dividends 2,000 37,000 Rent Fees Earned Furniture Rental Revenue 1,200 Interest Revenue 100 Wages Expense 19,000 Depreciation Expense 1,800 320 Utilities Expense 700 Insurance Expense 9,000 Maintenance Expense 2.100 58S20 Income Tax Expense

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