Please show any work if its not just addition and subtraction.
3. Comparative Statement of Stockholders' Equity (for the years ended December 31, 2019 and 2020) Royal Rental, Inc. Adjusted Trial Balance For the year ended December 31, 2020 Adjustments Debit Credit Unadjusted Debit Credit 245,811 15,050 16,000 5,000 500 450,000 39,000 1,015 16,800 Adjusted Debit Credit 245,811 15,050 11,000 2,300 5,000 2,700 320 180 450,000 8 Cash 9 Accounts Receivable 10 Prepaid Rent 11 Prepaid Insurance 12 Prepaid Supplies 13 Equipment 14 Accumulated Depreciation 15 Accounts Payable 16 Accrued Interest 17 Accrued Salaries 18 Unearned Rental Revenue 19 Note Payable - Long-term 20 Capital Stock - Mike 21 Capital Stock - Julie 22 Dividends 23 Retained Earnings 44,000 16,800 6,750 83,000 1,015 33,600 6,750 5,450 350,000 80,000 80,000 7,800 13,250 350,000 80,000 80,000 4,000 4,000 32.142 32.142 32,142 164,150 32,142 171,950 7,800 19,650 6,750 5,000 26,400 5,000 23 Retained Earnings 24 Rental Revenue 25 Salary Expense 26 Rent Expense 27 Repairs Expense 28 Utilities Expense 29 Interest Expense 30 Depreciation Expense 31 Supplies Expense 32 Insurance Expense 33 Income Tax Expense 16,800 44,000 320 2,700 535 16,800 44,000 320 2,700 19,811 19,811 34 35 Total 776,357 776,357 83,370 83,370 843,907 843,907 Royal Rental, Inc. Adjusted Trial Balance For the year ended December 31, 2019 Adjustments Debit Credit Adjusted Debit Credit 193,892 18,000 Unadjusted Debit Credit 193,892 18,000 30,000 2,700 6,000 400,000 30,000 2,700 3,480 2,520 400,000 39,000 39,000 970 7 Cash 8 Accounts Receivable 9 Prepaid Rent 10 Prepaid Insurance 11 Prepaid Supplies 12 Equipment 13 Accumulated Depreciation 14 Accounts Payable 15 Accrued Interest 16 Accrued Salaries 17 Unearned Rental Revenue 18 Note Payable - Long-term 19 Capital Stock - Mike 20 Capital Stock - Julie 21 Dividends 22 Retained Earnings 23. Rental Revenue 16,800 6,600 8,600 17,500 350,000 80,000 80,000 16,800 6,600 8,900 350,000 80,000 80,000 4,000 4,000 1.59.300 8.600 [ 167.900 159,300 8,600 167,900 19,400 6,600 30,000 520 22 Retained Earnings 23 Rental Revenue 24 Salary Expense 25 Rent Expense 26 Repairs Expense 27 Utilities Expense 28 Interest Expense 29 Depreciation Expense 30 Supplies Expense 31 Insurance Expense 32 Income Tax Expense 33 34 Total 16,800 39,000 3,480 26,000 30,000 520 560 16,800 39,000 3,480 2,700 12,698 2,700 12,698 687,770 687,770 107,180 107,180 750,170 750,170 35 Royal Rental, Inc. Classified Income Statement For the year ended December 31, 2020 December 31,2020 December 31, 2019 $ 171,950 $ 167,900 26,400 5,000 Rental Revenue Less Expenses Salary Expense Rent Expense Repairs Expense Utilities Expense Interest Expense Depreciation Expense Supplies Expense Insurance Expense Income Tax Expense Total Income Net Income 535 16,800 44,000 320 2,700 19,811 26,000 30,000 520 560 16,800 39,000 3,480 2,700 12,698 115,566 56,384 131,758 36,142 $ $
