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JF CORPORATION Adjusted Trial Balance As of December 31, 2019 Debits Credits Cash 6,517 - Accounts receivable 2,702 - Prepaid expenses 358 - Supplies 521

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JF CORPORATION
Adjusted Trial Balance
As of December 31, 2019
Debits Credits
Cash 6,517 -
Accounts receivable 2,702 -
Prepaid expenses 358 -
Supplies 521 -
Property, Plant and Equipment (PP&E) 23,508 -
Accumulated depreciation - (PP&E) - 9,548
Accounts payable - 4,251
Unearned revenues - 3,555
Bank Loan payable - 7,813
Capital stock - 4,375
Retained earnings, Jan. 1 - 1,788
Dividends 391 -
Revenues - 18,542
Expenses (total) 15,876 -
49,873 49,873

a. Prepare Retained Earning Statement (5 Marks)

b. Prepare Balance Sheet (5 Marks)

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2:49 Document (26) BB CORPORATION Adjusted Trial Balance As of December 31, 2019 Debits Credits Credits 13,035 5,405 715 1,042 47,016 19.097 Cash Accounts receivable Prepaid expenses Supplies Property, Plant and Equipment (PPE) Accumulated depreciation - (PPE) Accounts payable Unearned revenues Bank Loan payable Capital stock Retained earnings, Jan 1 Dividends 8.503 7,109 15,625 - 8.750 3,576 781 37 094 Revenues Expenses (total) 31.752 99,745 99,745 a. Prepare Retained Earning Statement b. Prepare Balance Sheet

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