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| The adjusted trial balance for Chiara Company as of December 31 follows. ok = t nces Cash Accounts receivable Interest receivable Notes receivable (due
| The adjusted trial balance for Chiara Company as of December 31 follows. ok = t nces Cash Accounts receivable Interest receivable Notes receivable (due in 90 days) Office supplies Automobiles Accumulated depreciation-Automobiles Equipment Accumulated depreciation-Equipment Land Accounts payable Interest payable Debit $ 169,900 Credit 51,000 23,200 171,000 16,000 173,000 $ 75,000 146,000 25,000 81,000 95,000 45,000 Salaries payable 24,000 Unearned revenue 30,000 Long-term notes payable 156,000 R. Chiara, Capital 285,800 R. Chiara, Withdrawals 46,000 Services revenue 544,000 Interest revenue 26,000 Depreciation expense-Automobiles 25,500 Depreciation expense-Equipment 19,000 Salaries expense 187,000 Wages expense Interest expense Office supplies expense Advertising expense Repairs expense-Automobiles 40,000 35,800 35,800 61,000 24,600 Depreciation expense-Automobiles 25,500 Depreciation expense-Equipment 19,000 Salaries expense Wages expense Interest expense Office supplies expense Advertising expense 187,000 40,000 35,800 35,800 61,000 Repairs expense-Automobiles Totals Required: 24,600 $ 1,305,800 $ 1,305,800 Check my w k ces Use the information in the adjusted trial balance to prepare (a) the income statement for the year ended December 31; (b) the statement of owner's equity for the year ended December 31 [Note: R. Chiara, Capital at December 31 of the prior year was $285,800, and there were no owner investments in the current year.]; and (c) the balance sheet as of December 31. Complete this question by entering your answers in the tabs below. Required A Required B Required C Prepare the income statement for the year ended December 31. CHIARA COMPANY Income Statement CHIARA COMPANY Income Statement For Year Ended December 31 Complete this question by entering your answers in the tabs below. Required A Required B Required C Prepare the statement of owner's equity for the year ended December 31. [Note: R. Chiara, Capital at December 31 of the prior year was $285,800, and there were no owner investments in the current year.] CHIARA COMPANY Statement of Owner's Equity For Year Ended December 31 R. Chiara, Capital, December 31 prior year Add: Investments by owner 0 R. Chiara, Capital, December 31 current year Prepare Chiara Company's balance sheet as of December 31. CHIARA COMPANY Balance Sheet December 31
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