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(Prepare Financial Statements) The adjusted trial balance of Anderson Cooper Co. as of December 31, 2020, contains the following. Anderson Cooper Co. Adjusted Trial Balance
(Prepare Financial Statements) The adjusted trial balance of Anderson Cooper Co. as of December 31, 2020, contains the following.
Anderson Cooper Co. Adjusted Trial Balance December 31, 2020 | ||||
Dr. | Cr. | |||
Cash | $19,472 | |||
Accounts Receivable | 6,920 | |||
Prepaid Rent | 2,280 | |||
Equipment | 18,050 | |||
Accumulated DepreciationEquipment | $ 4,895 | |||
Notes Payable | 5,700 | |||
Accounts Payable | 5,472 | |||
Common Stock | 20,000 | |||
Retained Earnings | 11,310 | |||
Dividends | 3,000 | |||
Service Revenue | 11,590 | |||
Salaries and Wages Expense | 6,840 | |||
Rent Expense | 2,260 | |||
Depreciation Expense | 145 | |||
Interest Expense | 83 | |||
Interest Payable | 83 | |||
$59,050 | $59,050 |
Instructions
a. Prepare an income statement.
b. Prepare a retained earnings statement.
c. Prepare a classified balance sheet.
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