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eBook Use the following Company R adjusted trial balance to prepare the following: Adjusted Trial Balance Debit Credit Cash $45,000 Accounts Receivable 13,900 Prepaid Insurance
eBook Use the following Company R adjusted trial balance to prepare the following: Adjusted Trial Balance Debit Credit Cash $45,000 Accounts Receivable 13,900 Prepaid Insurance 6,000 Land 16,000 Accounts Payable $14,900 Salaries Payable 4,500 Common Stock 34,000 Retained Earnings 10,200 Dividends 13,000 Service Revenue 84,700 Insurance Expense 7,600 Salaries Expense 32,000 Miscellaneous Expense 14,800 $148,300 $148,300 A. Prepare an income statement. Revenues: Company R Income Statement For the Year Ended December 31, 2019 Service Revenue Expenses: 84,700 Insurance Expense 7,600 Salaries Expense 32.000 Miscellaneous Expense 14,800 Total Expenses 54,400 Check My Work 2 more Check My Work uses remaining < eBook B. Prepare a retained earnings statement. Company R Retained Earnings Statement For the Year Ended December 31, 2019 Retained Earnings Balance January 1 Net Income Dividends Retained Earnings Balance December 31 C. Prepare a balance sheet (simple-unclassified). Company R Balance Sheet December 31, 2019 Assets Cash Accounts Receivable Prepaid Insurance Land 10,200 30,300 13.000 V 27.500 45.000 13,900 6.000 16.000 80,900 V Total Assets Liabilities Accounts Payable 14.900 Salaries Payable 4,500 V Total Liabilities 19.400 Equity Common Stock 34,000 Retained Earnings 10.200 X Total Equity 44.200 X Total Liabilities and Equity 63,600 X naranaca.closino.Journal entries an amount bax.does not require an entry Gold lagu it blank Check My Work 2 more Check My Work uses remaining All work saved. eBook Vker=&takeAssignmentSessionLocatore&inpro Total Equity Total Liabilities and Equity 44,200 X 63,600 X D. Prepare closing journal entries. If an amount box does not require an entry field, leave it blank. x x x x x X x X 3. X X 4. -X -x x x x X 4 E. Prepare a post-closing trial balance. If an amount box does not require an entry field, leave it blank. Company R Post-Closing Trial Balance: December 31, 2019 blank Debit Credit x x x X X x X x x X x X x x X X X Check My Work 2 mare Check My Work uses remaining All work saved. D. Prepare closing journal entries. If an amount box does not require an entry field, leave it blank. - X x 3. x X x x X x X X X X X x X X x X x x E. Prepare a post-closing trial balance. If an amount box does not require an entry field, leave it blar Company R Post-Closing Trial Balance- December 31, 2019. blank Debit Credit - X X x - X X x X X x x x x X x x x X x X x x blank x X Check My Work 2 more Check My Work uses remaining All work save
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