Question
The adjusted trial balance of Ryan Financial Planners appears below. Using the information from the adjusted trial balance, you are to prepare for the month
The adjusted trial balance of Ryan Financial Planners appears below. Using the information from the adjusted trial balance, you are to prepare for the month ending December 31: (15 pts)
1. an income statement.
2. a retained earnings statement.
3. a balance sheet.
RYAN FINANCIAL PLANNERS
Adjusted Trial Balance
December 31, 2017
Debit Credit
Cash .................................................................................................. $ 3,900
Accounts Receivable......................................................................... 2,200
Supplies............................................................................................. 1,800
Equipment ......................................................................................... 16,000
Accumulated DepreciationEquipment........................................... $ 4,000
Accounts Payable.............................................................................. 3,800
Unearned Service Revenue.............................................................. 5,000
Common Stock.................................................................................. 10,000
Retained Earnings............................................................................. 4,400
Dividends........................................................................................... 2,000
Service Revenue............................................................................... 4,700
Supplies Expense.............................................................................. 600
Depreciation Expense....................................................................... 2,500
Rent Expense.................................................................................... 2,900 ______
$31,900 $31,900
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