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Below are the account balances for Delta Inc. as of December 31, 2023: Service Revenue: $20,000 Salaries Expense: $4,500 Rent Expense: $2,500 Utilities Expense: $800


Below are the account balances for Delta Inc. as of December 31, 2023:

Service Revenue: $20,000

Salaries Expense: $4,500

Rent Expense: $2,500

Utilities Expense: $800

Interest Expense: $250

Depreciation Expense: $1,200

Common Stock: $10,000

Retained Earnings: $8,000

Accounts Receivable: $2,500

Accounts Payable: $1,200

Cash: $1,500

Equipment: $5,500

Accumulated Depreciation: $2,200

Required:

Prepare an adjusted Trial Balance at December 31, 2023.

Prepare an Income Statement for the year ended December 31, 2023.

Prepare a Statement of Retained Earnings for the year ended December 31, 2023.

Prepare a classified Balance Sheet at December 31, 2023.

Prepare a Cash Flow Statement for the year ended December 31, 2023.

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