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Need an Income Statement, Statement of Stockholders' Equity, and a Balance Sheet please also provide steps if you are able to so I can understand
Need an Income Statement, Statement of Stockholders' Equity, and a Balance Sheet
please also provide steps if you are able to so I can understand this better.
Adjusted Trial Balance December 31, 2022 \begin{tabular}{|c|c|c|} \hline Account Title & DEBIT & CREDIT \\ \hline Cash & $11,000 & \\ \hline Accounts Receivable & 28,150 & \\ \hline Supplies & 6,350 & \\ \hline Prepaid Insurance & 9,500 & \\ \hline Land & 75,000 & \\ \hline Buildings & 250,000 & \\ \hline Accumulated Depreciation-Buildings & & 117,200 \\ \hline Equipment & 240,000 & \\ \hline Accumulated Depreciation-Equipment & & 151,700 \\ \hline Accounts Payable & & 33,300 \\ \hline Salaries Payable & & 3,300 \\ \hline Unearned Rent & & 1,500 \\ \hline Common Stock & & 25,000 \\ \hline Retained Earnings & & 195,000 \\ \hline Dividends & 20,000 & \\ \hline Service Fees Earned & & 468,000 \\ \hline Rent Revenue & & 5,000 \\ \hline Salaries Expense & 291,000 & \\ \hline Depreciation Expense-Equipment & 17,500 & \\ \hline Rent Expense & 15,500 & \\ \hline Supplies Expense & 9,000 & \\ \hline Utilities Expense & 8,500 & \\ \hline Depreciation Expense-Buildings & 6,600 & \\ \hline Repairs Expense & 3,450 & \\ \hline Insurance Expense & 3,000 & \\ \hline \multirow[t]{2}{*}{ Miscellaneous Expense } & 5,450 & \\ \hline & 1,000,000 & 1,000,000 \\ \hline \end{tabular} The accounting period is the calendar year beginning January 1, 2022 through December 31, 2022. No common stock nas been issued throughout the year and the beginning retained earnings for January 1, 2022 is a listed, \$195,000. Each statement is worth the points as listed above. Please make sure to have the following for full credit: - Statement heading - Proper labels - Correct amounts
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