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At the end of the fiscal year, December 31, 2021, the following account balances were provided by Acme Inc.: Accounts Payable: $2,300 Accounts Receivable: $1,800


At the end of the fiscal year, December 31, 2021, the following account balances were provided by Acme Inc.:

Accounts Payable: $2,300

Accounts Receivable: $1,800

Advertising Expense: $400

Cash: $3,200

Common Stock: $5,000

Equipment: $8,000

Insurance Expense: $150

Notes Payable: $4,000

Rent Expense: $1,000

Retained Earnings: $3,500

Salaries Expense: $2,200

Service Revenue: $20,000

Supplies Expense: $350

Wages Payable: $600

Required:

Prepare a Trial Balance at December 31, 2021.

Prepare an Income Statement for the year ended December 31, 2021.

Prepare a Statement of Retained Earnings for the year ended December 31, 2021.

Prepare a classified Balance Sheet at December 31, 2021.

Prepare a Cash Flow Statement for the year ended December 31, 2021.

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