Question
See attachment for regular assignment Exercise 132 The adjusted trial balance of Ryan Financial Planners appears below. RYAN FINANCIAL PLANNERS Adjusted Trial Balance December 31,
See attachment for regular assignment
Exercise 132
The adjusted trial balance of Ryan Financial Planners appears below.
RYAN FINANCIAL PLANNERS
Adjusted Trial Balance
December 31, 2017Debit
Credit
Cash
$2,830Accounts Receivable
2,100Supplies
1,890Equipment
15,400
Accumulated Depreciation?Equipment
$3,850Accounts Payable
3,170Unearned Service Revenue
4,450
Common Stock
10,000Retained Earnings
4,250Dividends
1,500Service Revenue
4,170Supplies Expense
680Depreciation Expense
2,580Rent Expense
2,910$29,890$29,890
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
December 31, 2017
For the Month Ended December 31, 2017
For the Quarter Ended December 31, 2017
Dividends
Expenses
Net Income / (Loss)
Retained Earnings, December 1
Retained Earnings, December 31
Revenues
Total Expenses
Total Revenues
$
Dividends
Expenses
Net Income / (Loss)
Retained Earnings, December 1
Retained Earnings, December 31
Revenues
Total Expenses
Total Revenues
$
Dividends
Expenses
Net Income / (Loss)
Retained Earnings, December 1
Retained Earnings, December 31
Revenues
Total Expenses
Total Revenues
Dividends
Expenses
Net Income / (Loss)
Retained Earnings, December 1
Retained Earnings, December 31
Revenues
Total Expenses
Total Revenues
$
2.A retained earnings statement.
RYAN FINANCIAL PLANNERS
Retained Earnings Statement
For the Quarter Ended December 31, 2017
For the Month Ended December 31, 2017
December 31, 2017
Dividends
Expenses
Net Income / (Loss)
Retained Earnings, December 1
Retained Earnings, December 31
Revenues
Total Expenses
Total Revenues
$
Add
Less
:
Dividends
Expenses
Net Income / (Loss)
Retained Earnings, December 1
Retained Earnings, December 31
Revenues
Total Expenses
Total Revenues
$
Dividends
Expenses
Net Income / (Loss)
Retained Earnings, December 1
Retained Earnings, December 31
Revenues
Total Expenses
Total Revenues
Dividends
Expenses
Net Income / (Loss)
Retained Earnings, December 1
Retained Earnings, December 31
Revenues
Total Expenses
Total Revenues
$
3.A balance sheet.(List Assets in order of liquidity.)
RYAN FINANCIAL PLANNERS
Balance Sheet
For the Quarter Ended December 31, 2017
For the Month Ended December 31, 2017
December 31, 2017
Assets
$
$
Add
Less
:
Current Assets
Liabilities
Intangible Assets
Long-term Investments
Long-term Liabilities
Property, Plant and Equipment
Stockholders' Equity
Total Assets
Total Current Assets
Total Current Liabilities
Total Intangible Assets
Total Liabilities
Short-term Investments
Total Long-term Investments
Total Long-term Liabilities
Total Property, Plant and Equipment
Total Liabilities and Stockholders' Equity
$
Liabilities and Stockholders' Equity
Current Assets
Liabilities
Intangible Assets
Long-term Investments
Long-term Liabilities
Property, Plant and Equipment
Stockholders' Equity
Total Assets
Total Current Assets
Total Current Liabilities
Total Intangible Assets
Total Liabilities
Short-term Investments
Total Long-term Investments
Total Long-term Liabilities
Total Property, Plant and Equipment
Total Liabilities and Stockholders' Equity
$
Current Assets
Liabilities
Intangible Assets
Long-term Investments
Long-term Liabilities
Property, Plant and Equipment
Stockholders' Equity
Total Assets
Total Current Assets
Total Current Liabilities
Total Intangible Assets
Total Liabilities
Short-term Investments
Total Long-term Investments
Total Long-term Liabilities
Total Property, Plant and Equipment
Total Liabilities and Stockholders' Equity
$
Current Assets
Liabilities
Intangible Assets
Long-term Investments
Long-term Liabilities
Property, Plant and Equipment
Stockholders' Equity
Total Assets
Total Current Assets
Total Current Liabilities
Total Intangible Assets
Total Liabilities
Short-term Investments
Total Long-term Investments
Total Long-term Liabilities
Total Property, Plant and Equipment
Total Liabilities and Stockholders' Equity
Current Assets
Liabilities
Intangible Assets
Long-term Investments
Long-term Liabilities
Property, Plant and Equipment
Stockholders' Equity
Total Assets
Total Current Assets
Total Current Liabilities
Total Intangible Assets
Total Liabilities
Short-term Investments
Total Long-term Investments
Total Long-term Liabilities
Total Property, Plant and Equipment
Total Liabilities and Stockholders' Equity
$
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Governmental And Nonprofit Accounting Theory And Practice
Authors: Robert J Freeman, Craig D Shoulders, Gregory S Allison, Terry K Patton, Robert Smith,
9th Edition
0132552728, 9780132552721
