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PA16.) From the following Company R adjusted trial balance, prepare the following: A. Income Statement B. Retained Earnings Statement C. Balance Sheet (simple-unclassified) D. Closing

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PA16.) From the following Company R adjusted trial balance, prepare the following: A. Income Statement B. Retained Earnings Statement C. Balance Sheet (simple-unclassified) D. Closing journal entries E. Post-Closing Trial Balance Credit Adjusted Trial Balance Debit Cash $ 44,000 Accounts Receivable 13,800 Prepaid Insurance 6,400 Land 16,000 Accounts Payable Salaries Payable Common Stock Retained Earnings Dividends 12,000 Service Revenue Insurance Expense 7,600 Salaries Expense 32,000 Miscellaneous Expense 14,800 $146,600 $ 14,900 4,500 31,000 10.200 86,000 5146,600

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