Exercise 132

The adjusted trial balance of Ryan Financial Planners appears below.

RYAN FINANCIAL PLANNERS Adjusted Trial Balance December 31, 2017
		Debit			Credit
Cash			$2,860
Accounts Receivable			2,130
Supplies			1,630
Equipment			16,800
Accumulated DepreciationEquipment						$4,200
Accounts Payable						3,240
Unearned Service Revenue						4,850
Common Stock						10,000
Retained Earnings						4,530
Dividends			1,500
Service Revenue						4,300
Supplies Expense			750
Depreciation Expense			2,450
Rent Expense			3,000
			$31,120			$31,120

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).)

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 3. A balance sheet. (List Assets in order of liquidity. RYAN FINANCIAL PLANNERS Balance Sheet Assets Liabilities and Stockholders' Equity Click if you would like to Show Work for this question: Open Show Work