Iris Floral Several years ago Iris began a floral business to have something to do in her spare time. The shop has done well and now employs several people. The trial balance at December 31, 2019 is shown below along with some additional information. Iris has asked that you use this information to prepare financial statements for her for the year ended December 31 ^st . I suggest you begin with a worksheet. All amounts should be to the nearest dollar.

            IRIS FLORAL

            Trial Balance

            December 31, 2019

	Debit	Credit
Cash	29,000
Notes Receivable	10,000
Interest Receivable
Accounts Receivable	7,600
Allowance for Doubtful Accounts		200
Inventory	18,000
Prepaid Insurance
Prepaid Advertising	21,000
Land	55,000
Buildings	148,000
Accumulated Depreciation-Buildings		9,750
Equipment	89,000
Accumulated Depreciation-Equipment		18,000
Short Term Note Payable		18,000
Accounts Payable		12,000
Salaries Payable
Interest Payable
Unearned Wedding Revenue		12,000
Unearned Funeral Revenue		2,000
Mortgage Payable		133,000
Capital Stock		20,000
Retained Earnings		87,950
Dividends Declared	15,000
Wedding Revenue		123,000
Funeral Revenue		54,000
Cash Sales of garden plants		178,000
Cost of Goods Sold	71,000
Salaries Expense	130,000
Insurance Expense	9,300
Advertising Expense
Depreciation Expense-Building
Depreciation Expense-Equipment
Bad Debt Expense
Other Expenses	53,000
Interest Revenue
Interest Expense	12,000
Total	667,900	667,900

Additional Information

a. The 8% Note was received from a customer on December 13th. The note matures in 60 days.

b. Each mortgage payment is due on the 20th of the month. The last payment was made in December