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The adjusted trial balance columns of the worksheet for Culver Company are as follows. Culver Company Worksheet (Partial) For the Month Ended April 30, 2022

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The adjusted trial balance columns of the worksheet for Culver Company are as follows. Culver Company Worksheet (Partial) For the Month Ended April 30, 2022 Adjusted Trial Balance Account Titles Dr. Cr. Cash 10,000 Accounts Receivable 7,960 Prepaid Rent 2,260 Equipment 22,700 Accumulated Depreciation-Equip. 5,500 Notes Payable 5,500 Accounts Payable 4,500 Common Stock 19,440 Retained Earnings 8,450 Dividends 3,650 Service Revenue 15.500 Salaries and Wages Expense 10,820 Rent Expense 800 Depreciation Expense 700 Interest Expense 30 Interest Payable 30 Totals 58.920 58.920 Prepare an income statement. (Enter negative amounts using either a negative sign preceding the number eg.-55 or parentheses eg. (551) Culver Company Income Statement For the Month Ended April 30, 2022 Revenues 15.500 Service Revenue Expenses Salaries and Wages Expense 10,820 Rent Expense 800 700 Depreciation Expense 30 Interest Expense 12.350 Total Expenses $ Net Income /(Loss) e Textbook and Media List of Accounts Prepare an retained earnings statement. (List items that increase retained earnings first.) Culver Company Retained Earnings Statement For the Month Ended April 30, 2022 Retained Earnings, April 1 $ 8,450 Add : Net Income /(Loss) Less Dividends 3,650 Retained Earnings, April 30 Prepare a classified balance sheet. (List Current Assets in order of liquidity) Culver Company Balance Sheet April 30, 2022 Assets Current Assets Cash 10.000 Accounts Receivable 7.960 Prepaid Rent 2260 Total Current Assets $

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