Chart Ot Accounts iss tqusment 134 Fumiture 515 Rent Expense 195. Trucks 516 Insurance Expense 139. Accumulated Deprociation 517 Repairs and Maimenance Expone 141 Other Assots 521 Wages Expenso 531 Intorest Expenso LABELTIES 532. Doprociaticn Expense 211 Accounts Payable 533 income Taxes Expense 212 Noces Parable 213 income Taxes Payable 214 Wages Payable 245 Utilies Payable 216 Insuranos Parable 217 Interest Payable 216 Rent Payable 219 Unearned service Revenue 231 Donds Payable EOUTY 211 Fommoin fiock. 2a. Prepare a single-step income statement. Check My Work 6 more Check My Work uses remaining. Retained Earnings 2b. Prepare a retained earnings statement. Betained Eamings instructions Mitchell Pharmacy Rotained Earnings Statoment (Labol) Chart Of Accounts CHART OF ACCOUNTS Mitchell Pharmacy General Ledger ASSETS 111 Cash 121 Accounts Receivable 122 Notes Recelvable 123 Supplies 124 Prepaid Insurance 125 Prepaid Rent 126 Inventory 131 Land 132 Buildings 133 Equipment 134 Furniture 135 Trucks REVENUE 411 Sales Revenue 412 Service Revenue 413 Interest Income 414 Rent Revenue EXPENSES 511 Cost of Goods Sold 512 Advertising Expense 513 Supplies Expense 514 Utilities Expense 515 Rent Expense 516 Insurance Expense Adjusting Entries and Financial Statements instruction: Chart ol Accounta: Labels and Amount Descriptions. General dournal Income sthtement Chart OA Accounts 141 Other Assets 521 Wages Expense 531 Interest Expense LABILITES 211 Accounts Payoble 212 Notes Payable 213 Income Taxes Payable 214 Wages Payable 215 Ubilies Payable 216 Insurance Payable 217 Interest Payable 218 Rent Payabie 259 Unearned Service Revenue 231 Bonds Payable 532 Depreciation Expense 533 Income Taxes Expense EQUITY 311 Common Stock 321 Retained Eamings 331 Dividends The following intormation is availabie at yoar end for adjustments: a. An analysis of insurance policies indicates that $2,180 of the prepaid insurance is coverage lor the naxt yeat. b. Depreciation expense for the current year is $10,130. c. Four months' interest at 1055 is owed but unrecorded and unpaid on the note payable. 4. Wages of $4,950 are owed but unpaid and unrecorded at December 31. e. Income taves of $11,370 are owed but unrecorded and unpald at December 31 1. Prepare adjusting entries at December 31 . General Journal mot 1 GENERAL JOURNAL ACCOUNTING EqUATION Dow Account nost ais. ochit chror Nojusting fntries x () ( , 10 (1) Labels and Amount Descriptions: For the year ending December 31 Longiterm liabibies Property, plant, and equpment Stochholders' equily Amount Description: Bullding, net Dividends Net incorne Net loss Petained earrings, December ar Aetained earnings, January 1 Tolal exporseb Total assots Total cuntert assets Total ourrert lablities Total liabraies Total liabaities and slockhoiders' equity Total slockholders' equaty Previous Labels and Amount Descriptions. Labels Current assets Current liabinges December 31 Expenses For the year ending December 31 Long-term liabulites Property, plant, and equipment Stockholders' equaly Amount Desscriptions Bulding, net Dividendt Net incorne Net loss Retained eamings, December 31 Retained eamings, January 1 Total expenses Instructions Chart Of Accounts Labels and Amount Descriptions General Journal Income Staten Balance Sheet 15 14 15 Liabilities and Stockholders' Equity 16 (Label) 17 \( 1 8 \longdiv { ( \text { Account) } } \) 19 20 21 22 (Label) 23 24 25 (label) 26 27 28 27 Chart Ot Accounts iss tqusment 134 Fumiture 515 Rent Expense 195. Trucks 516 Insurance Expense 139. Accumulated Deprociation 517 Repairs and Maimenance Expone 141 Other Assots 521 Wages Expenso 531 Intorest Expenso LABELTIES 532. Doprociaticn Expense 211 Accounts Payable 533 income Taxes Expense 212 Noces Parable 213 income Taxes Payable 214 Wages Payable 245 Utilies Payable 216 Insuranos Parable 217 Interest Payable 216 Rent Payable 219 Unearned service Revenue 231 Donds Payable EOUTY 211 Fommoin fiock. 2a. Prepare a single-step income statement. Check My Work 6 more Check My Work uses remaining. Retained Earnings 2b. Prepare a retained earnings statement. Betained Eamings instructions Mitchell Pharmacy Rotained Earnings Statoment (Labol) Chart Of Accounts CHART OF ACCOUNTS Mitchell Pharmacy General Ledger ASSETS 111 Cash 121 Accounts Receivable 122 Notes Recelvable 123 Supplies 124 Prepaid Insurance 125 Prepaid Rent 126 Inventory 131 Land 132 Buildings 133 Equipment 134 Furniture 135 Trucks REVENUE 411 Sales Revenue 412 Service Revenue 413 Interest Income 414 Rent Revenue EXPENSES 511 Cost of Goods Sold 512 Advertising Expense 513 Supplies Expense 514 Utilities Expense 515 Rent Expense 516 Insurance Expense Adjusting Entries and Financial Statements instruction: Chart ol Accounta: Labels and Amount Descriptions. General dournal Income sthtement Chart OA Accounts 141 Other Assets 521 Wages Expense 531 Interest Expense LABILITES 211 Accounts Payoble 212 Notes Payable 213 Income Taxes Payable 214 Wages Payable 215 Ubilies Payable 216 Insurance Payable 217 Interest Payable 218 Rent Payabie 259 Unearned Service Revenue 231 Bonds Payable 532 Depreciation Expense 533 Income Taxes Expense EQUITY 311 Common Stock 321 Retained Eamings 331 Dividends The following intormation is availabie at yoar end for adjustments: a. An analysis of insurance policies indicates that $2,180 of the prepaid insurance is coverage lor the naxt yeat. b. Depreciation expense for the current year is $10,130. c. Four months' interest at 1055 is owed but unrecorded and unpaid on the note payable. 4. Wages of $4,950 are owed but unpaid and unrecorded at December 31. e. Income taves of $11,370 are owed but unrecorded and unpald at December 31 1. Prepare adjusting entries at December 31 . General Journal mot 1 GENERAL JOURNAL ACCOUNTING EqUATION Dow Account nost ais. ochit chror Nojusting fntries x () ( , 10 (1) Labels and Amount Descriptions: For the year ending December 31 Longiterm liabibies Property, plant, and equpment Stochholders' equily Amount Description: Bullding, net Dividends Net incorne Net loss Petained earrings, December ar Aetained earnings, January 1 Tolal exporseb Total assots Total cuntert assets Total ourrert lablities Total liabraies Total liabaities and slockhoiders' equity Total slockholders' equaty Previous Labels and Amount Descriptions. Labels Current assets Current liabinges December 31 Expenses For the year ending December 31 Long-term liabulites Property, plant, and equipment Stockholders' equaly Amount Desscriptions Bulding, net Dividendt Net incorne Net loss Retained eamings, December 31 Retained eamings, January 1 Total expenses Instructions Chart Of Accounts Labels and Amount Descriptions General Journal Income Staten Balance Sheet 15 14 15 Liabilities and Stockholders' Equity 16 (Label) 17 \( 1 8 \longdiv { ( \text { Account) } } \) 19 20 21 22 (Label) 23 24 25 (label) 26 27 28 27