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The financial data for Mu Health Services for the year ended December 31, 2033, is as follows: Service Revenue: $130,000 Rent Expense: $14,000 Salaries Expense:
The financial data for Mu Health Services for the year ended December 31, 2033, is as follows:
- Service Revenue: $130,000
- Rent Expense: $14,000
- Salaries Expense: $40,000
- Office Supplies Expense: $3,000
- Equipment: $50,000
- Accounts Payable: $6,000
- Accounts Receivable: $12,000
- Cash: $25,000
- Notes Payable: $14,000
- Common Stock: $28,000
Requirements:
- Prepare a Trial Balance as of December 31, 2033.
- Prepare an Income Statement for the year ended December 31, 2033.
- Prepare a Statement of Retained Earnings for the year ended December 31, 2033.
- Prepare a Balance Sheet as of December 31, 2033.
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