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Prepare financial statements from an adjusted trial balance (LO3- [The following information applies to the questions displayed below.] The December 31, 2021, adjusted trial balance
Prepare financial statements from an adjusted trial balance (LO3- [The following information applies to the questions displayed below.] The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense Totals $ Debit 11,900 149,000 5,900 29,500 390,000 390,000 19,500 39,000 4,900 $1,039,700 Credit $ 134,000 11,900 10,900 4,900 39,000 290,000 59,000 490,000 $1,039,700 [The following information applies to the questions displayed below.] The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Required: 1. Prepare an income statement for the year ended December 31, 2021
Prepare financial statements from an adjusted trial balance (LO3- [The following information applies to the questions displayed below.] The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense Totals $ Debit 11,900 149,000 5,900 29,500 390,000 390,000 19,500 39,000 4,900 $1,039,700 Credit $ 134,000 11,900 10,900 4,900 39,000 290,000 59,000 490,000 $1,039,700
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