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Problem 3-4A (Algo) Preparing financial statements from the adjusted trial balance LO P5 20.000 The adjusted trial balance for Chiara Company as of December 31
Problem 3-4A (Algo) Preparing financial statements from the adjusted trial balance LO P5 20.000 The adjusted trial balance for Chiara Company as of December 31 follows Debit Credit Cash 112,600 Accs ceceivable 50,000 Interest receivable Not receivable due in daya) 112,500 office supplies 15,500 Automobiles 170,000 Kecumulated depreciation Autobile 3.300,000 107.000 Roculated depreciation-iquipment 18,000 and 14.000 Account payable 100,000 Interest payable 45.000 Salaries payable 25.000 Unearned reveni 12.000 Lang-tem notos payable 152.000 2. Chiara, Capital 305.000 1. Chiara withdrawals Services reven 450,000 ten 22.000 Depreciation expense-toile 24.500 Depreciation expense-cupent 18.500 Salari 185.000 Wages expense 48.000 Interest expense office supplies.exe 35.00 35.600 advertising expense 63,000 Repnire pe Automobiles 25,400 Total $1,273.01.275.000 More Required: Use the information in the adjusted trance to prepare the income statement for the year ended December 31) the statement of owner's equity for the year ended December 31NR Chiara, Capital at December 31 of the prior year was $305,800, and there were no owner investments in the current years and the balance sheet as of December 31 Prey tot !!! Na MacBook Air 32 2 3 U12 4 6 7 8 S 2 W E R C T Y O S D F G H C N V B NIM
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