Question
The trial balance of the Company as of December 31, 2022 is presented below. Prepare an income statement, statement of retained earnings and a
The trial balance of the Company as of December 31, 2022 is presented below. Prepare an income statement, statement of retained earnings and a balance sheet for the year ended (date of), December 31, 2022. Every yellow cell requires either an account title or a formula. ALL FORMULAS FOR TOTALS MUST INCLUDE THE =SUM FUNCTION. Use the dropdown list to select the proper account titles. Company Trial Balance December 31, 2022 Debit Credit Cash $6,100 Accounts receivable 2,000 Inventory 11,500 Prepaid insurance 4,200 Equipment 27,800 Accounts payable $8,000 Unearned consulting revenue 4,800 Common stock 39,200 Dividends 2,000 Consulting revenue 7,600 Rental revenue Salaries expense 2,100 3,200 Rent expense 2,800 Insurance expense 2,100 Totals 34567890122122722822222222222222 1) Prepare the income statement for year ended December 31, 2022. 33 Revenues Company Company for the Income Statement For Year Ended December 31, 2022 Total revenues Expenses 40 41 Total expenses 42
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