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Problem #14 - 30 Points (FORMATTING IMPORTANT) The adjusted trial balance of Ryan Company appears below. Using the information from the adjusted trial balance, you

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Problem #14 - 30 Points (FORMATTING IMPORTANT) The adjusted trial balance of Ryan Company appears below. Using the information from the adjusted trial balance, you are to prepare for the month ending December 31: 1. an income statement. a retained earnings statement. 3. a balance sheet. (You need to calculate the amount of cash) Trial Balance Debit Credit Cash $ 285,000 $ Accounts Receivable ? $ Allowance for Doubtful Accounts $ - $ Supplies $ 45,000 $ Prepaid Insurance 16,500 $ Equipment 178,500 $ - Accumulated Depreciation - Equipments $ 24,000 Notes Payable $ 150,000 Accounts Payable - $ 75,000 Interest Payable - $ 1,500 Unearned Service Revenue $ 24,000 Salaries & Wage Payable $ 18,000 Common Stock $ 300,000 Retained Earnings $ 125,000 Dividends 50,000 $ Service Revenue $ 318,000 Salaries & Wage Expense 138,000 $ Supplies Expense 45,000 $ Rent Expense 27,000 $ Insurance Expense 15,000 $ Interest Expense 1,500 $ Depreciation Expense 12,000 $ Bad Debt Expense 4,800 $ I es iseseisvesnis is esses es esasen

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