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please solve it all The accounts of Delta Corporation (from the adjusted trial balance) contain the following balances on December 31, 2021. To manage the
please solve it all
The accounts of Delta Corporation (from the adjusted trial balance) contain the following balances on December 31, 2021. To manage the company, officers and managers have requested annually financial statements. Supplies $1,360 $1,400 Prepaid Insurance 930 Accumulated Depreciation - Equipment Accounts Payable 7,410 Cash 5,900 Salaries and Wages Payable 400 Equipment 10,500 Supplies Expense 450 Dividends 1,500 Uneamed service Revenue 580 8,000 Salaries and Wages Expense Insurance Expense Share Capital - Ordinary 5,000 1,800 Retained Earnings 6,650 Depreciation Expense 1,000 Service Revenue 10,000 1- Calculate the net income (loss) for the year ended December 31, 2021. No need to prepare an income statement. 2. Prepare a retained earnings statement for the year ending December 31, 2021. Presentation should be in a good form 3- Prepare the statement of financial position at December 31, 2021. Presentation should be in a good form Step by Step Solution
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