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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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