Additional Exercise 243

The adjusted trial balance of C.S. Financial Planners appears below.

C.S. Financial Planners Adjusted Trial Balance December 31, 2018
		Debit		Credit
Cash		$4,900
Accounts Receivable		2,200
Supplies		1,800
Equipment		15,000
Accumulated DepreciationEquipment				$4,000
Accounts Payable				3,300
Unearned Service Revenue				6,000
Common Stock				10,000
Retained Earnings				4,400
Dividends		2,500
Service Revenue				4,200
Supplies Expense		600
Depreciation Expense		2,500
Rent Expense		2,400
		$31,900		$31,900

Using the information from the adjusted trial balance, you are to prepare for the month ending December 31, 2018:

1. An income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

2. A retained earnings statement.

3. A balance sheet. (List Current Assets in order of liquidity.)