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The Crystal Consulting Corporation is a financial planning firm, which provides consulting services and estate planning, for wealth management clients. As of December 31, 2019,
The Crystal Consulting Corporation is a financial planning firm, which provides consulting services and estate planning, for wealth management clients. As of December 31, 2019, the end of the corporation's financial period the accountants have prepared an adjusted trial balance as follows: Crystal Consulting Corporation Adjusted Trial Balance December 31, 2019 CREDIT DEBIT 10.800 48.000 1.050 550 98.000 400,000 217,300 101,000 ACCOUNT TITLE Cash Accounts Receivable Prepaid Insurance Supplies Land Building Accumulated Depreciation-Building Equipment Accumulated Depreciation- Equipment Accounts Payable Salaries & Wages Payable Unearned Rent Common Stock Retained Earnings Dividends Fees Earned Rent Revenue Salaries & Wages Expense Advertising Expense Utilities Expense Depreciation Expense-Building Repairs Expense Depreciation Expense-Equipment Insurance Expense Supplies Expense Misc. Expense 89,900 15,700 5,000 1,000 75.000 128,100 10,000 372,800 1,100 163 100 21,700 16,400 12.000 8,850 4.800 3,150 2.100 4,320 905, 900 SO5.900 Based on the above account balances: please prepare the following financial statements (please see rubric for points and grading): 1. Income Statement 2. Statement of Stockholder's Equity 3. Balance Sheet
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