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A. Prepare a classified balance sheet for the following adjusted trial balance B. Prepare a statement of retained earnings for the following adjusted trial balance
A. Prepare a classified balance sheet for the following adjusted trial balance
B. Prepare a statement of retained earnings for the following adjusted trial balance
C. Prepare an income statement in good form for the following adjusted trial balance
The following is an adjusted trial balance for the Grass is Greener Company at the end of 2011. ADJUSTED TRIAL BALANCE Credit Debit Account $351,340 Cash 753,950 Accounts receivable 4,300 Interest receivable 216,900 Supplies Prepaid insurance 6,800 Prepaid rent 11,200 672,500 Property and equipment $128,900 Accumulated depreciation 281,700 Accounts payable 23,400 Accrued liabilities 83,600 Unearned revenue 138,300 Income tax payable 356,040 Notes payable 229,600 Bonds payable 380,600 Contributed capital 187,400 Retained earnings 904,000 Service revenue 114,100 Other revenue 183,600 Cost of service expense 336,200 Supplies expense 57,750 Depreciation expense 30,500 Rent expense Administrative and general 64,300 expense 18,300 Income tax expense 640 2,827,6 TOTALStep by Step Solution
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