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The adjusted trial balance of A4 Financial Planners appears below. Using the information from the adjusted trial balance, you are to prepare for the month
The adjusted trial balance of A4 Financial Planners appears below. Using the information from the adjusted trial balance, you are to prepare for the month ending December 31:
1. An income statement
2. A retained earnings statement
3. A balance sheet
A1 FINANCIAL PLANNERS
Adjusted Trial Balance
December 31, 2023
Debit | Credit | |
Cash | $ 15,400 | |
Accounts Receivable | 2,200 | |
Supplies | 1,800 | |
Equipment | 15,500 | |
Accumulated DepreciationEquipment | $ 4,000 | |
Accounts Payable | 3,000 | |
Unearned Service Revenue | 5,000 | |
Common Stock | 15,000 | |
Retained Earnings | 7,400 | |
Dividends | 3,500 | |
Service Revenue | 9,500 | |
Supplies Expense | 1,100 | |
Depreciation Expense | 2,500 | |
Rent Expense | 1,900 | |
$43,900 | $43,900 |
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