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The adjusted trial balance of Michael Cooper Co. as of December 31, 2020, contains the following. Credit MICHAEL COOPER CO. ADJUSTED TRIAL BALANCE DECEMBER 31,
The adjusted trial balance of Michael Cooper Co. as of December 31, 2020, contains the following. Credit MICHAEL COOPER CO. ADJUSTED TRIAL BALANCE DECEMBER 31, 2020 Debit Cash $19,737 Accounts Receivable 7,185 Prepaid Rent 2,545 Equipment 18,315 Accumulated Depreciation-Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Dividends 3,265 Service Revenue Salaries and Wages Expense 7,105 Rent Expense 2,238 Depreciation Expense 167 $5,160 5,965 5,737 20,265 11,575 11,855 105 Interest Expense Interest Payable 105 $60,662 $60,662 Prepare an income statement. (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) MICHAEL COOPER CO. Income Statement $ $ $ Prepare a statement of retained earnings. (List items that increase retained earnings first.) MICHAEL COOPER CO. Statement of Retained Earnings $ V: TA Liabilities and Stockholders' Equity $ $ $ $ Prepare a classified balance sheet. (List current assets in order of liquidity.) MICHAEL COOPER CO. Balance Sheet Assets $ >
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