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just need tofigure out question2 The adjusted trial balance for Tybalt Construction as of December 31, 2019, follows. Credit $ 20,000 55,000 es TYBALT CONSTRUCTION

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The adjusted trial balance for Tybalt Construction as of December 31, 2019, follows. Credit $ 20,000 55,000 es TYBALT CONSTRUCTION Adjusted Trial Balance December 31, 2019 No. Account Title Debit 101 Cash $ 7,500 104 Short-term investments 22,500 126 Supplies 8,600 128 Prepaid insurance 8,700 167 Equipment 40,000 168 Accumulated depreciation-Equipment 173 Building 165,000 174 Accumulated depreciation-Building 183 Land 73,800 201 Accounts payable 203 Interest payable 208 Rent payable 210 Wages payable 213 Property taxes payable 233 Unearned professional fees 244 Current portion of long term note payable 251 Long-term notes payable 307 Common stock 318 Retained earnings 319 Dividends 11,900 401 Professional fees earned 406 Rent earned 407 Dividends earned 409 Interest earned 606 Depreciation expense-Building 12,100 612 Depreciation expense-Equipment 6,000 623 Wages expense 27,500 633 Interest expense 4,400 637 Insurance expense 7,500 640 Rent expense 13,200 652 Supplies expense 5, 100 682 Postag expense 2,000 683 Property taxes expense 3,100 684 Repairs expense 6,800 17,500 2,800 3,400 2,200 1,000 7,100 7,000 62,500 7,500 123,600 100,000 17,500 2,700 2,100 has Commu.. Chapter 2 Practic... Saved Waru 682 Postage expense 683 Property taxes expense 684 Repairs expense 688 Telephone expense 690 Utilities expense Totals AV 2,000 3,100 6,800 2,600 3,600 $431,900 $431,900 O. Tybalt invested $7,500 cash in the business in exchange for common stock during year 2019. The December 31, 2018, credit balance of the Retained Earnings account was $123,600. Required: 1a. Prepare the income statement for the calendar-year 2019. 1b. Prepare the statement of retained earnings for the calendar-year 2019. 1c. Prepare the classified balance sheet at December 31, 2019. 2. Prepare the necessary closing entries at December 31, 2019. Complete this question by entering your answers in the tabs below. Required 1C Required 2 Required 1A Required 1B Prepare the statement of retained earnings for the calendar-year 2019. TYBALT CONSTRUCTION Statement of Retained Earnings For Year Ended December 31, 2019 Retained earnings, Dec. 31, 2018 Journal entry worksheet 1 2 3 4 Record the entry to close the revenue account(s). Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal Journal entry worksheet

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