Question
The adjusted trial balance of Richard Cooper Co. as of December 31, 2020, contains the following. RICHARD COOPER CO. ADJUSTED TRIAL BALANCE DECEMBER 31, 2020
The adjusted trial balance of Richard Cooper Co. as of December 31, 2020, contains the following.
RICHARD COOPER CO. ADJUSTED TRIAL BALANCE DECEMBER 31, 2020 | ||||||
---|---|---|---|---|---|---|
Debit | Credit | |||||
Cash | $ 19,902 | |||||
Accounts Receivable | 7,350 | |||||
Prepaid Rent | 2,710 | |||||
Equipment | 18,480 | |||||
Accumulated Depreciation-Equipment | $ 5,325 | |||||
Notes Payable | 6,130 | |||||
Accounts Payable | 5,902 | |||||
Common Stock | 20,430 | |||||
Retained Earnings | 11,740 | |||||
Dividends | 3,430 | |||||
Service Revenue | 12,020 | |||||
Salaries and Wages Expense | 7,270 | |||||
Rent Expense | 2,226 | |||||
Depreciation Expense | 179 | |||||
Interest Expense | 117 | |||||
Interest Payable | 117 | |||||
$ 61,664 | $ 61,664 |
(a)
Prepare an income statement. (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
RICHARD COOPER CO. Income Statement choose the accounting period December 31, 2020For the Year Ended December 31, 2020For the Quarter Ended December 31, 2020 | ||
---|---|---|
select an opening name for section one DividendsExpensesNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues | ||
enter an income statement item | $ enter a dollar amount | |
select an opening name for section two DividendsExpensesNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues | ||
enter an income statement item | $ enter a dollar amount | |
enter an income statement item | enter a dollar amount | |
enter an income statement item | enter a dollar amount | |
enter an income statement item | enter a dollar amount | |
select a closing name for section two DividendsExpensesNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues | enter a total amount for section two | |
select a closing name for this statement DividendsExpensesNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues | $ enter a total net income or loss amount |
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