Mei-ling had a very busy December. At the end of the month, after journalizing and posting the December transactions and adjusting entries, Mei-ling prepared the following adjusted trial balance. 736 49 252 MATCHA CREATIONS Adjusted Trial Balance December 31, 2021 Account Titles Debit Credit Cash NT$992 Accounts Receivable Supplies 296 Prepaid Insurance 1,016 Equipment 1,008 Accumulated Depreciation Equipment NT$36 Accounts Payable Salaries and Wages Payable Unearned Service Revenue Interest Payable 16 Notes Payable 1,680 Share Capital-Ordinary 672 Dividends 420 Service Revenue 3,792 Salaries and Wages Expense 845 Utilities Expense 104 Advertising Expense Supplies Expense Depreciation Expense Insurance Expense Interest Expense NT$6,561 NT$6,561 Prepare an income statement for the 2 months ended December 31, 2021. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) MATCHA CREATIONS Income Statement For the Two Months Ended December 31, 2021 Revenues Service Revenue NTS D 3792 Expenses Salaries and Wages Expense Utilities Expense 845 i 104 i 140 i Advertising Expense Supplies Expense 860 i Depreciation Expense 36 i Insurance Expense 92 i Interest Expense - 16 i Total Expenses 2093 i Net Income /(Loss) NT$ 1699 Prepare an retained earnings statement for the 2 months ended December 31, 2021. (List items that increase retained earnings first.) MATCHA CREATIONS Retained Earnings Statement For the Two Months Ended December 31, 2021 Retained Earnings, November 14 Add 9 : Net Income /(Loss) 1699 1699 Less 9 : Dividends 420 i Retained Earnings, December 31 NT$ 1279 Prepare a classified statement of financial position at December 31, 2021. The note payable has a stated interest rate of 6%, and the principal and interest are due on November 16, 20 MATCHA CREATIONS Statement of Financial Position December 31, 2021 Assets Property, Plant and Equipment Equipment NT$ 1008 Less : Accumulated Depreciation Equipment 36 NT$ 972 972 Current Assets Prepaid Insurance 1016 Supplies 296 Accounts Receivable 736 Cash 992 Total Current Assets 3040 Total Assets NT$ 4012 Equity and Liabilities Equity Share Capital-Ordinary NT$ Retained Earnings Total Equity NT$ Non-current Liabilities Notes Payable Interest Payable Total Non-current Liabilities Current Liabilities Accounts Payable Salaries and Wages Payable Unearned Service Revenue Total Current Liabilities Total Equity and Liabilities NT$

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