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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:

  1. Prepare a Trial Balance as of December 31, 2033.
  2. Prepare an Income Statement for the year ended December 31, 2033.
  3. Prepare a Statement of Retained Earnings for the year ended December 31, 2033.
  4. Prepare a Balance Sheet as of December 31, 2033.

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