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The adjusted trial balance of rain company appears below using the information from the adjusted trial balance you are to prepare for the month ending
The adjusted trial balance of rain company 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 figure out Problem #4 - 30 Points (FORMATTING IMPORTANT) The adjusted trial balance of Ryan Company trial balance, you are to prepare for the ance of Ryan Company appears below. Using the information from the adjusted you are to prepare for the month ending December 31: an income statement. a retained earnings statement. a balance sheet. (You need to calculate the amount of cash) Trial Balance Debit Credit Cash $ 285,000 $ Accounts Receivable Allowance for Doubtful Accounts $ 4,800 Supplies 45,000 $ Prepaid Insurance 16,500 $ - Equipment 178,500 $ Accumulated Depreciation - Equipment $ 24,000 Notes Payable $ 150,000 Accounts Payable $ 75,000 Interest Payable $ 1,500 Unearned Service Revenue $ 24,000 Salaries & Wage Payable $ 18,000 Common Stock $ 300,000 Retained Earnings $ 125,000 Dividends 50,000 $ Service Revenue - $ 318,000 Salaries & Wage Expense 138,000 $ Supplies Expense 45,000 $ Rent Expense 27,000 $ Insurance Expense 15,000 $ Interest Expense 1,500 $ Depreciation Expense 12,000 $ Bad Debt Expense 4,800 $
The adjusted trial balance of rain company 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
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