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Question No 1: Use the following year-end adjusted trial balance to prepare an Income Statement, Statement of Retained Earnings and Balance Sheet from the adjusted

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Question No 1: Use the following year-end adjusted trial balance to prepare an Income Statement, Statement of Retained Earnings and Balance Sheet from the adjusted trial bala of Dodson Containers. Rapid Car Services Adjusted Trial Balance For the year ended December 31 $33.000 14,200 1.700 100.000 45.000 20.000 Cash .......... Accounts receivable .................................. Office supplies ........................................ Vehicles ....... .. . Accumulated depreciation - Vehicles ............ Accounts payable .............. Common stock .............. Retained earnings ............. Dividends ..... .. Fees earned ......................... ..... Rent expense .............................. .... Office supplies expense .... Utilities expense ....... ............ Depreciation Expense - Vehicles................ Salary expense.... 51,900 40.000 155.000 13,000 2.000 2.500 15,000 50.000 12.000 Fuel expense ................ Totals .......... . ................ 5283.400 $283.400

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