Question
At the end of the fiscal year, December 31, 2021, the following account balances were provided by Zeta Corporation: Service Revenue: $22,000 Salaries Expense: $5,000
At the end of the fiscal year, December 31, 2021, the following account balances were provided by Zeta Corporation:
Service Revenue: $22,000
Salaries Expense: $5,000
Rent Expense: $2,200
Utilities Expense: $900
Interest Expense: $300
Depreciation Expense: $1,500
Common Stock: $11,000
Retained Earnings: $9,000
Accounts Receivable: $3,000
Accounts Payable: $1,500
Cash: $1,800
Equipment: $6,500
Accumulated Depreciation: $2,500
Required:
Prepare an adjusted 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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