Question
Financial Statements. Prepare (1) an income statement, (2) a statement of retained earnings, and (3) a classified balance sheet for BEARS Consulting Adjusted Trial
Financial Statements. Prepare (1) an income statement, (2) a statement of retained earnings, and (3) a classified balance sheet for BEARS Consulting Adjusted Trial Balance January 31, 202X Balance Account Title Cash Debit Credit 1,100 Accounts Receivable 6,900 Prepaid Insurance 4,000 Equipment 30,200 Accumulated Depreciation - Equipment 8,700 Accounts Payable 3,800 Unearned Revenue 4,200 Notes Payable (Due in 10 years) 15,000 Common Stock 10,000 Retained Earnings 8,900 Dividends 7,000 Service Revenue 18,700 Salaries Expense 10,500 Rent Expense 4,600 Depreciation Expense - Equipment 3,300 Utilities Expense 1,700 Total 69,300 69,300 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac).
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