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Required information E3-20 (Algo) Analyzing, Recording, and Evaluating the Effects of Income Statement Transactions [LO 3-3, LO 3-4, LO 3-5] [The following information applies to

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Required information E3-20 (Algo) Analyzing, Recording, and Evaluating the Effects of Income Statement Transactions [LO 3-3, LO 3-4, LO 3-5] [The following information applies to the questions displayed below.] MyBnB started a home rental company on January 1. As of November 30, MyBnB reported the following balances. The company does not yet have a balance in Retained Earnings because this is its first year of operations so no net income has been reported in prior years. E3-20 (Algo) Part 5 5. Prepare an unadjusted trial balance, a preliminary income statement, statement of retained earnings, and classifled palance sheet as of and for the year ended December 31 . \begin{tabular}{|l|} \hline MYBNB \\ \hline Statement of Retained Earnings \\ \hline Retained Earnings, January 1 \\ \hline Retained Earnings, December 31 \\ \hline \end{tabular} MYBNB

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