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The adjusted trial balance of Cullumber Financial Planners appears below. CULLUMBER FINANCIAL PLANNERS Adjusted Trial Balance December 31, 2020 Debit Credit Cash $3,650 Accounts Receivable
The adjusted trial balance of Cullumber Financial Planners appears below.
CULLUMBER FINANCIAL PLANNERS Adjusted Trial Balance December 31, 2020 | |||||||
Debit | Credit | ||||||
Cash | $3,650 | ||||||
Accounts Receivable | 2,300 | ||||||
Supplies | 1,600 | ||||||
Equipment | 16,500 | ||||||
Accumulated DepreciationEquipment | $4,125 | ||||||
Accounts Payable | 3,550 | ||||||
Unearned Service Revenue | 5,525 | ||||||
Common Stock | 10,000 | ||||||
Retained Earnings | 4,250 | ||||||
Dividends | 1,500 | ||||||
Service Revenue | 4,300 | ||||||
Supplies Expense | 550 | ||||||
Depreciation Expense | 2,500 | ||||||
Rent Expense | 3,150 | ||||||
$31,750 | $31,750 |
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
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