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:
| 1. | an income statement. |
| 2. | a retained earnings statement. |
| 3. | a balance sheet. |
RYAN FINANCIAL PLANNERS Adjusted Trial Balance December 31, 2014
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| Debit | Credit | ||||
Cash | $ 3,400 |
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Accounts Receivable | 3,200 |
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Supplies | 1,800 |
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Equipment | 15,000 |
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Accumulated DepreciationEquipment |
| $ 3,000 |
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Accounts Payable |
| 3,300 |
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Unearned Service Revenue |
| 5,000 |
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Common Stock |
| 10,000 |
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Retained Earnings |
| 4,400 |
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Dividends | 2,000 |
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Service Revenue |
| 5,200 |
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Supplies Expense | 600 |
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Depreciation Expense | 2,000 |
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Rent Expense | 2,900 | ______ |
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| $30,900 | $30,900 |
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