I need help with this part of the question. I'm not sure how to get requirement #3.
Data Table Requirerents 1. Prepare the income statement for the year ending December 31, 2018 2. Prepare the statement of retained earnings for the year ending December 31, 2018 3. Prepare the classified balance sheet as of December 31, 2018. Use the report form Print Done Boston Advertising Services Adjusted Trial Balance December 31, 2018 Balance Account Title Debit Credit Cash $ 14.500 Accounts Receivable 10,500 Office Supplies 7.300 Land 18,200 Building 49,500 Accumulated Depreciation Building $ 35,20 Furniture 18,900 Accumulated Depreciation - Furniture 14,50 Accounts Payable Salaries Payable 8,00 Unearned Revenue 14,00 Common Stock 31,50 Retained Earnings 37.25 Dividends 20.100 Service Revenue 38,50 Salaries Expense 27,000 Supplies Expense 9.100 Depreciation Expense-Building 2,300 Depreciation Expense Furniture 550 Advertising Expense 11,000 Total $ 188,950 $ 188,950 ance sheet, leave the box empty, do not select a label or enter a zero. Abbreviation used Accum. = Ac 10.00 Print Done Clear All HUMEWUIK. veek 4 HomeWUIK ASSIGren Score: 0 35 of 1 pt E4-16 (similar to) The adjusted trial balance for Boston Advertising Services is presented below (Click on the icon to view the adjusted trial balance.) Read the requirements Salaries Expense Advertising Expense Supplies Expense Depreciation Expense-Building Depreciation Expense Furniture 27,000 11,000 9,100 2,300 550 Total Expenses 49,950 $ (11,450) Net Income (Loss) Requirement 2. Prepare the statement of retained earnings for the year ending December 31, 2018. (Use a minus sign or parentheses to show an Boston Advertising Services Statement of Retained Earnings Year Ended December 31, 2018 Retained Earnings, January 1, 2018 $ 37,250 Net loss for the year (11.450) Dividends (20.100) 5,700 Retained Earnings, December 31, 2018 Requirement 3. Prepare the classified balance sheet as of December 31, 2018. Use the account form Begin by preparing the asset section of the balance sheet and then prepare the liabilities and stockholders' equity sections(If a box is not used in the Boston Advertising Services Balance Sheet December 31, 2018 Assets Current Assets 14,500 Cash 10.500 Accounts Receivable 7,300 Office Supplies 5 32,300 Current Assets Current Liabilities $ 18,200 Land $ 49,500 35200 18.900 14500 Building Less Accum Depreciation --Building Furniture Less Depreciation Expense-Furniture Total Property Plant and Equipment Total Liabilities and Stockholders' Equity Choose trom any list or enter any number in the input fields and then click Check Answer part remaining O Holy O Type here to search SYNC Har 2 : 2.2120111 Homework: Week 4 Homework Assignment !cure: 0.05 * E4-16 (similar to hybro A w aren 31, 2018 312) Burbe m esh TE P adilla Degre Menn TP Body Ft Dare Dalable Boston Advertising Services Adjusted Trial Balance December 31, 2018 Balance Account Title Cash Accounts Receivable Office Supplies etions. Debit 14.500 10.500 7,300 18.200 49 500 $ 18.900 Land Building Accumulated Depreciation Building 35,200 Furniture Accumulated Depreciation -- Furniture Accounts Payable Salaries Payable 14.500 10.000 8,000 14.000 31.500 Unearned Revenue Common Stock 37 250 20.100 38,500 Retained Earnings Dividends Service Revenue Salaries Expense Supplies Expense Depreciation Expense--Building Depreciation Expense-Furniture 27.000 9.100 2.300 550 000 Advertising Expense 188,950 $ 188,950 Total Done Har 2 : 2.2120111 Homework: Week 4 Homework Assignment !cure: 0.05 * E4-16 (similar to hybro A w aren 31, 2018 312) Burbe m esh TE P adilla Degre Menn TP Body Ft Dare
