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Before closing entries at 12/31/2019, Trisco prepared the following adjusted trial balance (hint: accounts have not been classified, yet): Debit Credit - Cash 3,000 -

  1. Before closing entries at 12/31/2019, Trisco prepared the following adjusted trial balance (hint: accounts have not been classified, yet):

Debit Credit

- Cash 3,000

- Rent expense 49,000

- Income taxes expense 2,000

- Supplies expense 23,000

- Salaries expense 147,000

- Accounts receivable 44,000

- Depreciation expense 9,000

- Wages expense 42,000

- Prepaid insurance expense 2,000

- Equipment 75,000

- Investments 20,000

- Interest expense 3,000

- Supplies inventory 5,000

- Retained earnings 2,000

- Unearned rent revenue 22,000

- Notes payable (due in 2021) 20,000

- Wages payable 9,000

- Accounts payable 15,000

- Contributed capital 60,000

- Equipment accumulate depreciation 18,000

- Design service revenue 278,000

424,000 424,000

Trisco has paid dividends during the year for $ 500. Retained earnings was $ 2,500 at 01/01/2018.

Required: Prepare a classified income statement, a statement of retained earnings and a classified balance sheet for 2018.

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