Prepare Financial Statements from Adjusted Trial Balance Worksheet The 2012 year end adjusted balances taken from the general ledger of Cooperstown Services, Inc are listed below in general ledger order Coopertown Suppliers, Inc DR CR Cash $12,950 Accounts receivable 28,150 Supplies 8,400 Prepaid insurance 9,500 Land 115,000 Buildings 360,000 Equipment 260,000 Accumulated depreciation $239,900 Accounts payable 35,300 Salaries payable 7,300 Taxes payable Common stock 5,200 31,500 Additional paid in capital Common Retained earnings 15,400 427,600 Dividends 25,400 Service revenue 475,000 Salaries expense 335,600 Depreciation expense 25,100 Supplies expense 12,950 Insurance expense 8,200 Miscellaneous expense 30,850 Utilities expense 5,100 Total $1,237,200 $1,237,200 Transfer these accounts and balances to a spreadsheet worksheet and prepare an Income statement, a Classified Balance Sheet, and a Statement of Retained Earnings all in good form using proper headings for each statement Note that Cooperstown is a service company so there is no cost of goods sold in its chart of accounts Also, assume that all the liabilities are current liabilities Keep in mind that you should not report any accounts without balances in your statements

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Prepare Financial Statements from Adjusted Trial Balance Worksheet The 2012 year-end adjusted balances taken from the general ledger of Cooperstown Services, Inc. are listed below

Prepare Financial Statements from Adjusted Trial Balance Worksheet

The 2012 year-end adjusted balances taken from the general ledger of Cooperstown Services, Inc. are listed below in general ledger order.

Coopertown Suppliers, Inc.
	DR	CR
Cash	$12,950
Accounts receivable	28,150
Supplies	8,400
Prepaid insurance	9,500
Land	115,000
Buildings	360,000
Equipment	260,000
Accumulated depreciation		$239,900
Accounts payable		35,300
Salaries payable		7,300
Taxes payable Common stock		5,200 31,500
Additional paid-in capital Common Retained earnings		15,400 427,600
Dividends	25,400
Service revenue		475,000
Salaries expense	335,600
Depreciation expense	25,100
Supplies expense	12,950
Insurance expense	8,200
Miscellaneous expense	30,850
Utilities expense	5,100
Total	$1,237,200	$1,237,200

Transfer these accounts and balances to a spreadsheet worksheet and prepare an Income statement, a Classified Balance Sheet, and a Statement of Retained Earnings all in good form using proper headings for each statement.Note that Cooperstown is a service company so there is no cost of goods sold in its chart of accounts. Also, assume that all the liabilities are current liabilities. Keep in mind that you should not report any accounts without balances in your statements.