Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The adjusted trial balance of Personal Financial Planners appears below. Using the information from the adjusted trial balance, you are to prepare for the month

image text in transcribed

The adjusted trial balance of Personal Financial Planners appears below. Using the information from the adjusted trial balance, you are to prepare for the month ending December 31, 2016: 1. an income statement. 2. an owner's equity statement. 3. a balance sheet Personal Financial Planners Adjusted Trial Balance December 31, 2016 Credit Debit $ 8,900 2,300 1,800 14,000 Cash........ Accounts Receivable... Supplies ...... Equipment. Accumulated Depreciation Equipment... Accounts Payable ........ Unearned Service Revenue Owner's Capital ............. Owner's Drawings. Service Revenue.... Supplies Expense Depreciation Expense. Rent Expense........ $3,000 1,300 6,000 16,600 500 6,500 700 2,700 2.500 $33.400 $33.400

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Contemporary Auditing Real Issues And Cases

Authors: Michael C. Knapp

6th Edition

0324303254, 9780324303254

More Books

Students also viewed these Accounting questions