Chapter 3 Part 2

I could really use some help on this one also, cant get all the right answers.

The adjusted trial balance for Tybalt Construction on December 31 of the current year follows Credit Debit $ 7.500 24,500 8. 00 8,400 55,000 $ 27,500 180.000 50,000 42, 250 TYLALT CONSTRUCTION Adjusted Trial Balance December 31 No Account Title 101 Cash 104 Short-term investments 126 Supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation Equipment 173 Building 174 Accumulated depreciation Building 183 Land 201 Accounts payable 203 Interest payable 205 Rent payable 210 Wages payable 213 Property taxes payable 238 Unearned revenue Current portion of long-tere note payable 251 Long-term notes payable 307 Common stock 318 Retained earnings 319 Dividends 404 Services revenge 486 Rent revenue 407 Dividends revenue 409 Interest revenue 605 Depreciation expense Building 612 Depreciation expense-Equipment 623 Wages expense 633 Interest expense 637 Insurance expense 60 Rent expense 652 Supplies expense 682 Postage expense 683 Property taxes expense 684 Repairs expense 688 Telephone expense 690 Utilities expense Totals 16,000 2,300 3. 500 2,700 1,200 7, 700 8,000 61,000 7,500 122,200 244 21,300 100,000 18,000 2.990 2,200 13,200 8,250 31,000 3.800 7.600 10,400 7.100 4.100 4,700 8, 400 2,800 3.500 $442, 700 5442, 700 Oto Tybait invested $7,500 cash in the business in exchange for common stock during the year. The Retained Earnings account balance was $122,200 on December 31 of the prior year. Required: 1a. Prepare the income statement for the current year ended December 31, 11. Prepare the statement of retained earnings for the current year ended December 31 1c Prepare the classified balance sheet at December 31 2. Prepare the necessary closing entries at December 31 of the current year, Complete this question by entering your answers in the tabs below. Required 1A Required 15 Required IC Required Oro Tybalt invested $7,500 cash in the business in exchange for common stock during the year. The Retained Earnings account balance was $122.200 on December 31 of the prior year. Required: 1a. Prepare the income statement for the current year ended December 31 1b. Prepare the statement of retained earnings for the current year ended December 31 1c. Prepare the classified balance sheet at December 31. 2. Prepare the necessary closing entries at December 31 of the current year. Complete this question by entering your answers in the tabs below. Required 1A Required 18 Required 1C Required 2 Prepare the income statement for the current year ended December 31. TYBALT CONSTRUCTION Income Statement For Year Ended December 31 Revenues 5 0 Total reven Expenses Total expenses 0 Required 16 Oro Tybalt invested $7,500 cash in the business in exchange for common stock during the year. The Retained Earnings account balance was $122,200 on December 31 of the prior year. Required: 1a. Prepare the income statement for the current year ended December 31. 1b. Prepare the statement of retained earnings for the current year ended December 31. 1c. Prepare the classified balance sheet at December 31. 2. Prepare the necessary closing entries at December 31 of the current year. Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 10 Required 2 Prepare the statement of retained earnings for the current year ended December 3 TYBALT CONSTRUCTION Statement of Retained Earnings For Year Ended December 31 Retained earnings, Dec. 31 prior year end 0 Retained earnings, Dec. 31 current year end $ 0