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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: 1. an income statement. 2. a statement of retained earnings. 3. a balance sheet. RYAN FINANCIAL PLANNERS Adjusted Trial Balance December 31, 2010 Debit Credit Cash $ 4,400 Accounts Receivable 2,200 Office Supplies 1,800 Office Equipment 15,000 Accumulated DepreciationOffice Equipment $ 4,000 Accounts Payable 3,800 Unearned Revenue 5,000 Common Stock 10,000 Retained Earnings 4,400 Dividends 2,500 Service Revenue 3,700 Office Supplies Expense 600 Depreciation Expense 2,500 Rent Expense 1,900 ______ $30,900 $30,900
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