Question
The adjusted trial balance of Sunland Company appears below. SUNLAND COMPANY Adjusted Trial Balance December 31, 2022 Debit Credit Cash $ 14,476 Accounts Receivable 2,068
The adjusted trial balance of Sunland Company appears below.
SUNLAND COMPANY Adjusted Trial Balance December 31, 2022 | ||||
---|---|---|---|---|
Debit | Credit | |||
Cash | $ 14,476 | |||
Accounts Receivable | 2,068 | |||
Supplies | 1,692 | |||
Equipment | 14,570 | |||
Accumulated DepreciationEquipment | $ 3,760 | |||
Accounts Payable | 2,820 | |||
Unearned Service Revenue | 4,700 | |||
Common Stock | 14,100 | |||
Retained Earnings | 6,956 | |||
Dividends | 3,290 | |||
Service Revenue | 8,930 | |||
Supplies Expense | 1,034 | |||
Depreciation Expense | 2,350 | |||
Rent Expense | 1,786 | |||
$ 41,266 | $ 41,266 |
Using the information from the adjusted trial balance,
(a)
Prepare for the month ending December 31 an income statement.
SUNLAND COMPANY Income Statement For the Month Ended December 31, 2022December 31, 2022For the Year Ended December 31, 2022 | ||||
---|---|---|---|---|
select an opening name for section one DividendsExpensesNet Income / (Loss)Retained Earnings, December 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues | ||||
enter an income statement item | $ enter a dollar amount | |||
select an opening name for section two DividendsExpensesNet Income / (Loss)Retained Earnings, December 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues | ||||
enter an income statement item | $ enter a dollar amount | |||
enter an income statement item | enter a dollar amount | |||
enter an income statement item | enter a dollar amount | |||
select a closing name for section two DividendsExpensesNet Income / (Loss)Retained Earnings, December 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues | enter a total of three previous amounts | |||
select a closing name for this statement DividendsExpensesNet Income / (Loss)Retained Earnings, December 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues | $ |
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