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Exercise 3-11 The adjusted trial balance of Thomas Cooper Co. as of December 31, 2020, contains the following. THOMAS COOPER CO. ADJUSTED TRIAL BALANCE DECEMBER
Exercise 3-11 The adjusted trial balance of Thomas Cooper Co. as of December 31, 2020, contains the following. THOMAS COOPER CO. ADJUSTED TRIAL BALANCE DECEMBER 31, 2020 Debit Credit Cash $20,067 Accounts Receivable 7,515 Prepaid Rent 2,875 Equipment 18,645 Accumulated Depreciation-Equipment $5,490 Notes Payable 6,295 Accounts Payable 6,067 Common Stock 20,595 Retained Earnings 11,905 Dividends 3,595 Service Revenue 12,185 Salaries and Wages Expense 7,435 Rent Expense 2,214 Depreciation Expense 191 Interest Expense 129 Interest Payable 129 $62,666 $62,666 Prepare an income statement. (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) THOMAS COOPER CO. Income Statement S $ Prepare a statement of retained earnings. (List items that increase retained earnings first.) THOMAS COOPER CO. Statement of Retained Earnings S Prepare a classified balance sheet. (List current assets in order of liquidity.) THOMAS COOPER CO. Balance Sheet Assets Liabilities and Stockholders' Equity Question Atter
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