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Prepare an Income Statement, Statement of Retained Earnings, and Balance Sheet using the following information. Credit (CR) Debit (DR) 11,000 Cash 5,000 23,500 4,000 12,000

Prepare an Income Statement, Statement of Retained Earnings, and Balance Sheet using the following information.

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Credit (CR) Debit (DR) 11,000 Cash 5,000 23,500 4,000 12,000 4,000 2,500 3,800 60,000 32,000 29,500 21,000 Accounts Payable Accounts Receviable Rent Expense Unearned Revenue Depreciation Expense Prepaid Insurance Supplies Expense Equipment Accumulated Depreciation - Equipment Cost of Goods Sold Merchandise Inventory Notes Payable Salary Payable Buildings Interest Payable Sales Revenue Interest Expense Supplies Accumulated Depreciation - Buildings Prepaid Insurance Common Stock Retained Earnings Dividends Salary Expense Insurance Expense 43,400 8,300 35,000 1,850 84,000 500 4,800 10,000 2,500 25,000 5,500 12,000 12,100 850 227,050 227,050

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