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Prepare an unclassified balance sheet at December 31 CONCORD DESIGN ADJUSTED TRIAL BALANCE DECEMBER 31, 2017 Debit Credit $12,310 22,810 6,310 3,810 61,310 Cash Accounts
Prepare an unclassified balance sheet at December 31
CONCORD DESIGN ADJUSTED TRIAL BALANCE DECEMBER 31, 2017 Debit Credit $12,310 22,810 6,310 3,810 61,310 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Interest Payable Notes Payable Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Insurance Expense Interest Expense Depreciation Expense Supplies Expenses Rent Expense $36,310 6,310 168 5,600 6,910 1,576 11,310 4,810 62,810 12,610 1,126 168 7,600 3,400 4,350 $135,804 $135,804 CONCORD DESIGN Income Statement For the Year Ended December 31, 2017 Revenues Service Revenue 1 62810 62810 Expenses > Salaries and Wages Expense 12610 Supplies Expenses 3400 Depreciation Expense 7600 Insurance Expense 1126 Interest Expense 168 Rent Expense T 4350 Total Expenses 29254 Net Income / (Loss) 33556 Your answer is correct. Prepare a statement of retained earnings for the year ending December 31, 2017. (List ite retained earnings first.) CONCORD DESIGN Statement of Retained Earnings For the Year Ended December 31, 2017 Retained Earnings, January 1 4810 Add Net Income / (Loss) 33556 Retained Earnings, December 31 38366Step by Step Solution
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