Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The trial balance of Your Company as of December 3 1 is presented below. Your Company Trial Balance December 3 1 Cash Accounts receivable Supplies

The trial balance of Your Company as of December 31 is presented below.
Your Company
Trial Balance
December 31
Cash
Accounts receivable
Supplies
Prepaid insurance
Buildings
Accounts payable
Wages payable
Interest payable
Unearned revenue
Notes payable
Common stock
Retained earnings
Dividends
Senvices revenue
Rent revenue
Wages expense
Interest expense
Insurance expense
Utilities expense
Supplies expense
Repairs expense
Totals
Debit
$47,600
20,400
10,200
3,400
129,200
$17,000
23,800
3,406
13,606
40,800
102,000
40,800
5,100,125,800
13,660
Required: VIA excel: (use formulas!)
1 Prepare an income statement for the year ended December 31.
2) prepare a statement of retained earnings for the year ended December 31. The retained earnings balance on January 1 was $40,800
3) prepare a balance sheet at December 31.
Navigation:
1 the the Onen Fxeal in Now Tah hutton to laiunch this culestion
Prev
3 of 7
Next >
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Economic Development Finance

Authors: Karl F Seidman

1st Edition

0761927093, 9780761927099

More Books

Students also viewed these Accounting questions