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This is the trial balance for Lemonade Stand, Inc. Using the three templates to the right of the balance, prepare the (1) income statement, (2)
This is the trial balance for Lemonade Stand, Inc. Using the three templates to the right of the balance, prepare the (1) income statement, (2) statement of retained earnings, and (3) balance sheet. Enter descriptions or amounts in every yellow area. Account Balance Lemonade Stand, Inc. Income Statement Lemonade Stand, Inc. 7500 Statement of Retained Earnings Year ended December 31, 2019 Service revenue Year ended December 31, 2019 Baildings Accumulated depreciation on buildings 14,000 Common stock 31,000 Utlities expense Salary payable 5 Retained earnings (beginning balanoe) 6 Supplies Expenses Add Minus: 7 Dividends 8,000 Ending retained earnings Accounts receivable 0 Depreciation expense 1 Supplies expense Total expenses 2,000 2 Accounts peyable 3 Rent expense 14,800 Lemonade Stand, Inc. Balance Sheet December 31, 2019 Assets Total liabillties Total stockholders' equity
This is the trial balance for Lemonade Stand, Inc. Using the three templates to the right of the balance, prepare the (1) income statement, (2) statement of retained earnings, and (3) balance sheet. Enter descriptions or amounts in every yellow area.
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