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Below Is The Adjusted Trail Balance For ABC Corporation As of December 31 2022: Items Debit Credit Cash 1,000,000 Accounts Receivable 5,000,000 Supplies 100,000 Equipment
Below Is The Adjusted Trail Balance For ABC Corporation As of December 31 2022:
Items | Debit | Credit |
Cash | 1,000,000 | |
Accounts Receivable | 5,000,000 | |
Supplies | 100,000 | |
Equipment | 1,000,000 | |
Accumulated Depreciation Equipment | 200,000 | |
Accounts Payable | 100,000 | |
Notes Payable | 500,000 | |
Unearned Revenues | 100,000 | |
Common Stock | 4,600,000 | |
Retained Earnings | 300,000 | |
Dividends | 100,000 | |
Sales | 10,000,000 | |
Salaries Expenses | 1,000,000 | |
Rent Expenses | 500,000 | |
Cost Of Goods Sold | 7,000,000 | |
Depreciation Expenses | 100,000 | |
Total | 15,800,000 | 15,800,000 |
Required: Prepare the Following Statements
- Income Statement
- Retained Earnings Statement
- Balance Sheet Statement
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