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Grouper Remodelers was founded by Thomas Tyler in January 2011. Presented below is the adjusted trial balance as of December 31, 2020 Cr. GROUPER REMODELERS

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Grouper Remodelers was founded by Thomas Tyler in January 2011. Presented below is the adjusted trial balance as of December 31, 2020 Cr. GROUPER REMODELERS ADJUSTED TRIAL BALANCE DECEMBER 31, 2020 Dr. Cash $21,000 Accounts Receivable 18,500 Supplies 2.200 Prepaid Insurance 1.200 Equipment 57,000 Accumulated Depreciation Equipment Accounts Payable Interest Payable Notes Payable Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense 10.100 Insurance Expense 700 Interest Expense 550 Depreciation Expense 7,600 Supplies Expense 3,000 Rent Exnense 7/100 $31.000 6,000 250 4,300 5,000 2,600 7.000 7,000 65,800 GROUPER REMODELERS Income Statement : $ $ Prepare a statement of retained earnings for the year ending December 31, 2020. (List items that increase retained earning first.) GROUPER REMODELERS Statement of Retained Earnings e Textbook and Media Prepare an unclassified balance sheet at December 31. (List assets in order of liquidity.) GROUPER REMODELERS Balance Sheet Assets $ S Liabilities and Stockholders' Equity

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