Assignments: ACCTG 001: Intro Accounting - Meintosh - FALL 2020 - SECTION 12243 Chapter 03 Conne Saved 6. The adjusted trial balance for Chiara Company as of December 31 follows. Cash Credit 11.11 points $ Debit 169,200 54,500 21,600 171,500 16,500 171,000 eBook $ Print 65,000 134,000 References 19,000 86,000 Accounts receivable Interest receivable Notes receivable (due in 90 days) office supplies Automobiles Accumulated depreciation Automobiles Equipment Accumulated depreciation-Equipment Land Recounts payable Interest payable Salaries payable Unearned fees Long-term notes payable Common stock Retained earnings Dividends Fees earned Interest earned Depreciation expense-Automobiles Depreciation expense-Equipment Salaries expense Wages expense Interest expense office supplies expense Advertising expense Repairs expense-Automobiles Totals 98,000 20,000 19.000 30,000 152,000 33,580 302,220 47.000 534,000 36,000 27,500 21,000 191,000 39,000 34,600 35,400 63,000 26,000 $1,308,800 $1,308,800 6 47,000 534,000 36,000 11.11 points Dividends Fees earned Interest earned Depreciation expense-Automobiles Depreciation expense--Equipment Salaries expense Wages expense Interest expense office supplies expense Advertising expense Repairs expense-Automobiles Totals 27,500 21,000 191,000 39,000 34,600 35,400 63,000 26,000 $1,308,800 eBook Print $1,308,800 References Required: Use the information in the adjusted trial balance to prepare (a) the income statement for the year ended December 31: (b) the statement of retained earnings for the year ended December 31 (Note: Retained Earnings at December 31 of the prior year was $302.220); and (c) the balance sheet as of December 31. Complete this question by entering your answers in the tabs below. Required A Required B Required Prepare the income statement for the year ended December 31 CHIARA COMPANY Income Statement For Year Ended December 31 Revenues Next > Taw