ACCOUNTING G$101-$ Financial Accounting

Financial Statements Assignment

Using the information presented below, prepare in proper format for the year ending December $31,2022$:

$1.$ an income statement

$2.$ a statement of retained earnings

$3.$ a balance sheet

Madans Financial Planners

Adiusted Trial Balance

December $31,2022$

Debit

Credit

Cash

$ $15,000$

Accounts Receivable

$2,200$

Supplies

$1,800$

Machinery

$15\mathrm{.}500$

Accumulated Depreciation $-$ Machinery

Accounts Payable

$3,000$

Unearned Service Revenue

$5,000$

Common Stock

$15,000$

Retained Earnings

Dividends

$3,500$

$7,400$

Service Revenue

Supplies Expense

Depreciation Expense

$9\mathrm{.}500$

$1,100$

$2\mathrm{.}500$

Rent Expense

$2,300$

$$43,900$ $$43,900$

$ $4,000$

Use the tables provided to prepare the financial statements. The tables are