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P8,9A (LO 4) The adjusted trial balance of Gibson Company for the year ended December 31, 2020, is as follows: Prepare financial statements. Debit Credit

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P8,9A (LO 4) The adjusted trial balance of Gibson Company for the year ended December 31, 2020, is as follows: Prepare financial statements. Debit Credit Cash $ 6,400 Accounts Receivable 2,700 Notes Receivable 6,300 Inventory 10,000 Equipment 7,500 Allowance for Doubtful Accounts $ 300 Accumulated Depreciation--Equipment 1,000 Notes Payable 1,100 Accounts Payable 600 Common Stock 17,000 Retained Earnings 11,000 Dividends 1,000 Sales Revenue 13,000 Interest Revenue 100 Cost of Goods Sold 8,000 Salary and Wages Expense 1,400 Rent Expense 700 Bad Debt Expense 60 Service Charge Expense $44.100 $44,100 40 Instructions Instructions Prepare a multiple-step income statement, retained earnings statement, and a classified balance sheet. The notes payable is due on January 10, 2021 Retained earnings $12,900

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