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ACCT 551 Project - Module 2 Due August 27, 2019 Total Points Available - 50 The Green and Silver Company started operations on January 1,
ACCT 551 Project - Module 2 Due August 27, 2019 Total Points Available - 50 The Green and Silver Company started operations on January 1, 2018. The trial balance is proviced below. Green and Silver Company Trial Balance For the Year Ended December 31, 2018 Debits Credits Cash 7,000 $ Accounts Receivable 3.200 Prepaid Insurance 1,080 Equipment 15,000 Accumulated Depreciation - Equipment 350 Notes Payable 5.000 Accounts Payable 1,070 Salaries and Wages Payable 300 Interest Payable 50 Deferred Revenue 800 Common Stock 1,400 Additional Paid in Capital 12.600 Retained Earnings Dividends 600 Sales 23,200 Cost of Sales 10.350 Salaries and Wages Expense 3.850 Depreciation Expense 350 Insurance Expense 1.800 Utilities Expense 1,490 Interest Expense 50 $ 44,770 $ 44,770 Instructions: Using the trial balance, prepare an income statement and retained earnings statement for the year ended December 31, 2018 and a balance sheet as of December 31, 2018 in good form. See examples provided in Module 2 of the textbook. Be sure to include subtotals like current assets, current liabilities, and gross profit
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