Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

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

Step: 3

blur-text-image

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

More Books

Students also viewed these Accounting questions

Question

Is SHRD compatible with individual career aspirations

Answered: 1 week ago