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Please andwer all parts of the question for a big thumbs up and a good rating. Thanks. 52 HW Score: 29 30%. 176 of pts
Please andwer all parts of the question for a big thumbs up and a good rating.
52 HW Score: 29 30%. 176 of pts Score: 0 oft pt 3.46A (book/static) Tiedusted dance of Vary Realty, Ine. Den 31, 2018 Con to the web Read the O Valley Realty, Inc Income Statement For the Year Ended December 2015 Revo Tobie Christoren in the shox Check And Valley Realty, Inc. Adjusted Trial Balance December 31, 2018 Account Debit Credit Cash $ 7,600 Accounts receivable 13,200 1,400 1,200 Prepaid rent Supplies Equipment Accumulated depreciation, equipment Accounts payable 96,000 $ 13,100 3,975 Unearned service revenue 1,945 590 Interest payable Salaries payable Notes payable 3,250 6,750 Common stock 33,500 Retained earnings 13,790 i i Data Table 3,975 1,945 Accounts payable Unearned service revenue Interest payable Salaries payable Notes payable 590 3,250 6,750 Common stock 33,500 Retained earnings 13,790 Dividends 23,000 Service revenue 126,000 Interest revenue 800 41,000 12,000 Salaries expense Rent expense Depreciation expense, equipment Utilities expense 3,300 2,700 Interest expense 1,320 980 Supplies expense $ 203,700 $ 203,700 Total i Requirements - X 1. Prepare Valley Realty's income statement and statement of retained earnings for the year ending December 31, 2018, and year-end balance sheet. List expenses in decreasing order on the income statement 2. a. Which financial statement reports Valley Realty's results of operations? Were operations successful during 2018? Cite specifics from the financial statements to support your evaluation. b. Which statement reports the company's financial position Thanks.
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