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E3.11 (LO 4) (Prepare Financial Statements) The adjusted trial balance of Anderson Cooper Co. as of December 31, 2020, contains the following. Anderson Cooper Co.
E3.11 (LO 4) (Prepare Financial Statements) The adjusted trial balance of Anderson Cooper Co. as of December 31, 2020, contains the following. Anderson Cooper Co. Adjusted Trial Balance December 31, 2020 Dr. Cr. Cash $19,472 Accounts Receivable Prepaid Rent 6,920 2,280 18,050 $ 4,895 Equipment Accumulated Depreciation Equipment Notes Payable Accounts Payable 5,700 5,472 Common Stock 20,000 11,310 Retained Earnings Dividends 3,000 Service Revenue 11,590 6,840 2,260 Salaries and Wages Expense Rent Expense Depreciation Expense Interest Expense Interest Payable 145 83 83 $59,050 $59,050 Instructions a. Prepare an income statement. b. Prepare a retained earnings statement. c. Prepare a classified balance sheet
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