Question
Below are the account balances for Alpha Ltd. as of December 31, 2022: Cash: $1,000 Accounts Receivable: $800 Equipment: $4,500 Accumulated Depreciation: $500 Accounts Payable:
Below are the account balances for Alpha Ltd. as of December 31, 2022:
Cash: $1,000
Accounts Receivable: $800
Equipment: $4,500
Accumulated Depreciation: $500
Accounts Payable: $900
Salaries Payable: $300
Common Stock: $2,500
Retained Earnings: $3,000
Service Revenue: $10,000
Salaries Expense: $3,000
Rent Expense: $1,000
Utilities Expense: $400
Supplies Expense: $200
Required:
Prepare a Trial Balance at December 31, 2022.
Prepare an Income Statement for the year ended December 31, 2022.
Prepare a Statement of Changes in Equity for the year ended December 31, 2022.
Prepare a Balance Sheet at December 31, 2022.
Prepare a Post-Closing Trial Balance at December 31, 2022.
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