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this is all one question The adjusted trial balance for Tybalt Construction on December 31 of the current year follows. Credit Debit $ 7,500 33,000

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The adjusted trial balance for Tybalt Construction on December 31 of the current year follows. Credit Debit $ 7,500 33,000 8,500 50,000 $ 25,000 171, eee 57,000 59,360 Number 101 126 128 167 168 173 174 183 201 203 2e8 210 213 236 251 307 318 319 403 405 409 606 512 TYBALT CONSTRUCTION Adjusted Trial Balance December 31 Account Title Cash Supplies Prepaid insurance Equipment Accumulated depreciation Equipment Building Accumulated depreciation-Building Land Accounts payable Interest payable Rent payable Wages payable Property taxes payable nearned revenue Long-ter notes payable Common stock Retained earnings Dividends Services revenue Rent revenue Interest revenue Depreciation expense-Building Depreciation expense-Equipment Waites expense Interest expense Insurance expense Rent expense Supplies expense Property taxes expense Totals 15,000 2,800 3,300 2,200 1,300 14,800 62,500 7,500 122,800 10,500 99,000 15,500 4,100 623 633 637 660 12,540 7,500 42,300 3,200 7,400 11,300 5,500 3,200 5.432,800 652 683 $.412,880 000 The Retained Earnings account balance was $122,800 on December 31 of the prior year. Required: 10. Prepare the income statement for the current year ended December 31. 1b. Prepare the statement of retained earnings for the current year ended December 31. 1c. Prepare the classified balance sheet at December 31 of the current year. 2. Prepare the necessary closing entries at December 31 of the current year. Complete this question by entering your answers in the tabs below. Required 1A Required 18 Required 10 Required 2 Prepare the necessary closing entries at December 31 of the current year. December Saved apters 1, 2 and 3 A Saved TYBALT CONSTRUCTION Income Statement For Year Ended December 31 Revenues 0 Total revenues Expenses Total expenses 0 Required 1A Required 18 Required 10 Required 2 Prepare the statement of retained earnings for the current year ended December 31 TYBALT CONSTRUCTION Statement of Retained Earnings For Year Ended December 31 Retained earnings December 31 prior year 0 Retained earnings, December 31 current year s 0 TYBALT CONSTRUCTION Balance Sheet December 31 $ 0 0 0 $ 0 0 1 2 3 4 > Record the entry to close the revenue account(s). Note: Enter debits before credits Date December 31 General Journal Debit Credit Record entry Clear entry Vtw general Journal

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