Question
At the end of the fiscal year, December 31, 2021, the following account balances were provided by Theta Corporation: Service Revenue: $21,000 Salaries Expense: $4,500
At the end of the fiscal year, December 31, 2021, the following account balances were provided by Theta Corporation:
Service Revenue: $21,000
Salaries Expense: $4,500
Rent Expense: $2,000
Utilities Expense: $800
Interest Expense: $250
Depreciation Expense: $1,300
Common Stock: $11,000
Retained Earnings: $8,500
Accounts Receivable: $2,800
Accounts Payable: $1,300
Cash: $1,700
Equipment: $6,000
Accumulated Depreciation: $2,200
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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