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The adjusted trial balance of Trent Inc. appears below. Using the information from the adjusted trial balance, prepare, for the month ending December 31, 2022:
The adjusted trial balance of Trent Inc. appears below. Using the information from the adjusted trial balance, prepare, for the month ending December 31, 2022: (a) a statement of income; (b) a statement of changes in equity; and (c) a classified statement of financial position. Trent INC. Adjusted Trial Balance December 31, 2022 Credit Cash Debit $ 6,000 3,000 1,500 21,000 Accounts receivable Supplies Equipment Accumulated depreciation-Equipment Accounts payable Deferred revenue Common shares. Retained earnings Dividends declared Service revenue Salaries expense Supplies expense Depreciation expense Rent expense Income tax expense $4,800 3,850 8,000 12,100 3,300 1,600 11,000 4,000 .500 .3,000 ..2,000 ..450 $43,050 $43,050
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