Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Exercise 132 The adjusted trial balance of Ryan Financial Planners appears below RYAN FINANCIAL PLANNERS Adjusted Trial Balance December 31, 2017 Debit Credit Cash $2,890

image text in transcribed

image text in transcribed

image text in transcribedimage text in transcribed

Exercise 132 The adjusted trial balance of Ryan Financial Planners appears below RYAN FINANCIAL PLANNERS Adjusted Trial Balance December 31, 2017 Debit Credit Cash $2,890 Accounts Receivable 2,290 Supplies 1,630 15,500 Equipment Accumulated Depreciation-Equipment $3,875 Accounts Payable 3,200 Unearned Service Revenue 3,305 Common Stock 10,000 Retained Earnings 4,420 Dividends 1,000 Service Revenue 4,370 Supplies Expense 580 Depreciation Expense 2,350 Rent Expense 2,930 $29,170 $29,170 Using the information from the adjusted trial balance, you are to prepare for the month ending December 31 1. An income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) BVAN TALAMOyAL DIAALAEDC 1. An income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) RYAN FINANCIAL PLANNERS Income Statement 2. A retained earnings statement RYAN FINANCIAL PLANNERS Retained Earnings Statement RYAN FINANCIAL PLANNERS Retained Earnings Statement 3. A balance sheet. (List Assets in order of liquidity.) RYAN FINANCIAL PLANNERS Balance Sheet Assets 3. A balance sheet. (LIst AssetS in order of liquidity. RYAN FINANCIAL PLANNERS Balance Sheet Assets Liabilities and Stockholders' Equity

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Clinical Audit In Palliative Care

Authors: Irene Higginson

1st Edition

1870905644, 978-1870905640

More Books

Students also viewed these Accounting questions