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Question 2 The adjusted trial balance of Ryan Financial Planners appears below. Credit RYAN FINANCIAL PLANNERS Adjusted Trial Balance December 31, 2017 Debit Cash $3,100
Question 2 The adjusted trial balance of Ryan Financial Planners appears below. Credit RYAN FINANCIAL PLANNERS Adjusted Trial Balance December 31, 2017 Debit Cash $3,100 Accounts Receivable 2,270 Supplies 1,620 Equipment 16,800 Accumulated Depreciation Equipment Accounts Payable Unearned Service Revenue Common Stock Retained Earnings Dividends 1,500 Service Revenue Supplies Expense 690 Depreciation Expense 2,640 Rent Expense 2,990 $31,610 $4,200 3,230 5,480 10,000 4,480 4,220 $31,610 Using the information from the adjusted trial balance, you are to prepare for the month ending December 31: 1. An income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) RYAN FINANCIAL PLANNERS Income Statement $ 2. A retained earnings statement. RYAN FINANCIAL PLANNERS Retained Earnings Statement $ 3. A balance sheet. (List Assets in order of liquidity.) RYAN FINANCIAL PLANNERS Balance Sheet Assets Liabilities and Stockholders' Equity $ SHOW LIST OF ACCOUNTS
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