Question
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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