Lasn

Accounts receivable

Notes receivable

office supplies

Prepaid insurance

Equipment

Accounts payable

Notes payable

Unearned revenue

$11,400$

$5,200$

$4,200$

$3,200$

$2,700$

$12,500$

$6,740$

$4,100$

$640$

LUmmun sluek

Dividends

Consulting revenue

Rental revenue

Salaries expense

Rent expense

Advertising expense

Utilities expense

$(10,460$

$3,700$

$20,500$

$2,200$

$4,700$

$3,700$

$740$

$540$

Required:

Prepare a December income statement for the business.

Prepare a December statement of retained earnings. The Retained Earnings account balance at December $1$ was $$0.$

Prepare a December $31$ balance sheet. Hint: Use the Retained Earnings account balance calculated in part $2.$

Complete this question by entering your answers in the tabs below.

Required $2$

Required $3$

Prepare a December $31$ balance sheet. Hint: Use the Retained Earnings account balance calculated in part $2.$

METRIX

Balance Sheet