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The adjusted trial balance of Ryan Financial Planners appears below. RYAN FINANCIAL PLANNERS Adjusted Trial Balance December 31, 2017 Debit Credit Cash $2,870 Accounts Receivable
The adjusted trial balance of Ryan Financial Planners appears below.
RYAN FINANCIAL PLANNERS Adjusted Trial Balance December 31, 2017 | |||||||
Debit | Credit | ||||||
Cash | $2,870 | ||||||
Accounts Receivable | 2,200 | ||||||
Supplies | 1,700 | ||||||
Equipment | 15,000 | ||||||
Accumulated DepreciationEquipment | $3,750 | ||||||
Accounts Payable | 3,240 | ||||||
Unearned Service Revenue | 4,060 | ||||||
Common Stock | 10,000 | ||||||
Retained Earnings | 4,480 | ||||||
Dividends | 2,000 | ||||||
Service Revenue | 4,250 | ||||||
Supplies Expense | 560 | ||||||
Depreciation Expense | 2,600 | ||||||
Rent Expense | 2,850 | ||||||
$29,780 | $29,780 |
Using the information from the adjusted trial balance, you are to prepare for the month ending December 31:
1. An income statement (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) RYAN FINANCIAL PLANNERS Income Statement December 31, 2017Step by Step Solution
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