Fill in yellow boxes

D1 1 The following trial balance has been adjusted as of December 31, 20XX Debits Credits $ $25,000 6,000 4,500 18,000 90,000 4 Cash 5 Accounts Receivable 6 Supplies Inventory 7 Prepaid Rent 8 Equipment 9 Accumulated Depreciation 10 Accounts Payable 11 Utilities Payable 12 Unearned Revenue 13 Interest Payable 14 Notes Payable 15 Common Stock 16 Service Revenue 17 Wages Expense 18 Supplies Expense 19 Rent Expense 20 Miscellaneous Expense 21 Electricity Expense 22 Telephone Expense 23 Depreciation Expense 24 Interest Expense 25 Dividend 26 Total 27 2,500 6,000 4,000 1,500 150 24,000 100,000 90,000 35,000 20,000 15,000 2,000 2,400 1,500 1,000 250 7,500 $228,150 $228,150 28 Points 29 Required: 30 (1) Prepare an Income Statement 31 32 (2) Prepare a Statement of Retained Earnings 33 A Denalanbaat de x v fx 25 Dividend 26 Total 7,500 $228,150 $228,150 27 Points 5 5 28 29 Required: 30 (1) Prepare an Income Statement 31 32 (2) Prepare a Statement of Retained Earnings 33 34 (3) Prepare a Balance Sheet 35 36 37 (1) - INCOME STATEMENT 38 39 Service Revenue 40 Expenses: 41 Wages Expense 42 Supplies Expense 43 Rent Expense 44 Miscellaneous Expense 45 Electricity Expense 46 Telephone Expense 47 Depreciation Expense 48 Interest Expense 49 Total Expense 50 Net Income 51 52 53 54 (2) - STATEMENT OF RETAINED EARNINGS 55 56 Retained Earnings, beginning of year 57 Net Income 58 Dividends 01 ^ xv fx 49 Total Expense 50 Net Income 51 52 53 54 (2) - STATEMENT OF RETAINED EARNINGS 55 56 Retained Earnings, beginning of year 57 Net Income 58 Dividends 59 Retained Earnings, end of year 60 61 62 (3) - BALANCE SHEET 63 64 Assets 65 Cash 66 Accounts Receivable 67 Supplies Inventory 68 Prepaid Rent 69 Total Current Assets 70 Equipment 71 Less: Accumulated Deprecation 72 Total Property, Plant & Equipment 73 Total Assets 74 75 Liabilities and Stockholders' Equity 76 Accounts Payable 77 Utilities Payable 78 Unearned Revenue 79 Interest Payable Total Current Liabilities 81 Long-term Liabilities 80 187 $ x fx C DE 66 Accounts Receivable 67 Supplies Inventory 68 Prepaid Rent 69 Total Current Assets 70 Equipment 71 Less: Accumulated Deprecation 72 Total Property, Plant & Equipment 73 Total Assets 74 82 75 Liabilities and Stockholders' Equity 76 Accounts Payable 77 Utilities Payable 78 Unearned Revenue 79 Interest Payable 80 Total Current Liabilities 81 Long-term Liabilities Notes Payable Total Liabilities 84 Stockholders' Equity 85 Common Stock 86 Retained Earnings 87 Total Stockholders' Equity 88 Total Liabilities and Stockholders' Equity 89 90 83 91 92 93 94 95 96 97 98 99