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The adjusted trial balance of Ryan Financial Planners appears below. RYAN FINANCIAL PLANNERS Adjusted Trial Balance December 31, 2014 Debit Credit Cash $ 3,100 Accounts
The adjusted trial balance of Ryan Financial Planners appears below.
RYAN FINANCIAL PLANNERS Adjusted Trial Balance December 31, 2014 | |||
Debit | Credit | ||
Cash | $ | 3,100 | |
Accounts Receivable | 2,160 | ||
Supplies | 1,680 | ||
Equipment | 15,200 | ||
Accumulated Depreciation-Equipment | $ | 3,800 | |
Accounts Payable | 3,440 | ||
Unearned Service Revenue | 3,800 | ||
Common Stock | 10,000 | ||
Retained Earnings | 4,260 | ||
Dividends | 1,500 | ||
Service Revenue | 4,240 | ||
Supplies Expense | 500 | ||
Depreciation Expense | 2,470 | ||
Rent Expense | 2,930 | ||
$ | 29,540 | $ | 29,540 |
Using the information from the adjusted trial balance, you are to prepare for the month ending December 31:
1.An income statement.
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