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Part 4: Based on the Adjusted Trial Balance provided in Question 2 of the Financia Statement Homework quiz on D2L, prepare in proper format
Part 4: Based on the Adjusted Trial Balance provided in Question 2 of the Financia Statement Homework quiz on D2L, prepare in proper format the Income Statemen the Retained Earnings Statement, and a Classified Balance Sheet (in this order). Include all appropriate headings, dates, titles, subtotals and totals. (You may not u the lines provided in the statement formats below). The Adjusted Trial Balance ca downloaded from the D2L quiz by right clicking on the image and saving it to your computer. DO NOT USE THE ADJUSTED TRIAL BALANCE CREATED IN PART Insert Adjusted Trial Balance Image HERE: Jung Company Adjusted Trial Balance December 31, 2018 Cash 115,000 Accounts Receivable 21,000 Supplies 3,000 Prepaid Insurance 36,000 Inventory 110,000 Vehicle 15,000 Equipment 65,000 Accumulated Depreciation 35,000 Accounts Payable 8,000 Unearned Revenue 15,900 Wages Payable 1,000 Long-Term Notes Payable 47,000 Common Stock 35,000 Retained Earnings (1/1/2018) 55,100 Dividends 4,000 Service Revenue 480,000 Repair Expense 8,000 Delivery Expense 42,000 Depreciation Expense 6,000 Rent Expense 55,000 Insurance Expense 10,000 Wages Expense 140,000 Supplies Expense 13,000 Interest Expense 2,000 Income Tax Expense 32,000 Total 677,000 677,000
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