Problem 2 Accounting

PROBLEM #2: The adjusted trial balance of Nicks Financial Planners appears below and using the information from the adjusted trial balance, you are to prepare for the month ending December 31: 1. an income statement; 2. a retained earnings statement; and 3. a balance sheet. 4. Closing Journal Entries NICKS FINANCIAL PLANNERS Adjusted Trial Balance December 31, 2011 Debit Credit $ 16,400 2,200 1,800 ...15,500 Accounts Receivable Accumulated Depreciation-Office Equipment Accounts Payable Unearned Service Revenue $ 4,000 3,000 5,000 17,000 7,400 Retained Earnings Dividend:s Service Revenue Office Supplies Expense Depreciation Expense Rent Expense 2,500 7,500 1,100 2,500 1.900