The adjusted trial balance for Tybalt Construction as of December 31, 2019, follows. Credit $ 25,000 SYBAL CONSTRUCTION Adjusted Trial Balance December 31, 2019 No. Account Title Debit 101 Cash $ 5,000 104 Short-term investments 2 3,500 126 Supplies 9.100 128 Prepaid insurance 7,800 167 Equipment 50,000 16 Accumulated depreciation Equipment 173 Duilding 156,000 124 Accumulated depreciation _ Blding 193 Land 73,760 201 Accounta payable 203 Interest payable 208 Rent payable 210 Wagen payable 213 Property taxes payable Unearned professional 52,000 17,500 2,800 3,400 2,600 1,400 7,900 23 fees 7,000 63.000 5,000 126,400 99,000 15.500 2,200 2,300 2 Current portion of long ** ter note payable 251 Long-term notes payable 307 Common stock 318 Retained earnings 319 Dividends 12,900 401 Professional fees carned 406 Rent earned 407 Dividends earned 409 Interest earned Depreciation expense 11,440 Building Depreciation expense 7,500 -Equipment 623 Waged expense 26.000 633 Interest expense 4,300 637 Insurance expense 9,900 640 Rent expense 10,400 652 Supplies expense 5,500 692 Postage expense 2.900 683 Property taxes expense 3,200 684 Repair expense 8,100 588 Telephone expense 2,400 690 Utilities expense Totals $433,000 3,300 $433,000 O.Tybat invested $5,000 cash in the business in exchange for common stock during year 2019. The December 31, 2018, credit balance of the Retained Earnings account was $126,400. Required: 1a. Prepare the income statement for the calendar-year 2019. 1b. Prepare the statement of retained earnings for the calendar-vear 2019. 1c. Prepare the classified balance sheet at December 31, 2019 2. Prepare the necessary closing entries at December 31, 2019. Complete this question by entering your answers in the tabs below. Required: 1a. Prepare the income statement for the calendar-year 2019 1b. Prepare the statement of retained earnings for the calendar year 2019 10. Prepare the classified balance sheet at December 31, 2019 2. Prepare the necessary closing entries at December 31, 2019 Complete this question by entering your answers in the tabs below. Required Required Required Required 1A 1B 1C Prepare the income statement for the calendar-year 2019. TYBALT CONSTRUCTION Income Statement For Year Ended December 31, 2019 Revenues Expenses Required 1A Required 13 > Required: 1a. Prepare the income statement for the calendar year 2019 1b. Prepare the statement of retained earnings for the calendar-year 2019 10. Prepare the classified balance sheet at December 31, 2019 2. Prepare the necessary closing entries at December 31, 2019. Complete this question by entering your answers in the tabs below. Required Required Required Required 1A 1B 1C 2 Prepare the statement of retained earnings for the calendar year 2019 TYBALT CONSTRUCTION Statement of Retained Earnings For Year Ended December 31, 2019 Retained earnings, Dec. 31, 2018 Retained earnings, Dec. 31. 2019 Required 1A Required 10 > Required: 1a. Prepare the income statement for the calendar year 2019 1b. Prepare the statement of retained earnings for the calendar year 2019 1c. Prepare the classified balance sheet at December 31, 2019 2. Prepare the necessary closing entries at December 31, 2019 Complete this question by entering your answers in the tabs below. Required Required Required Required 1A 1B 1C Prepare the classified balance sheet at December 31, 2019. TYBALT CONSTRUCTION Balance Sheet December 31, 2019 TITI Required: 1a. Prepare the income statement for the calendar-year 2019 1b. Prepare the statement of retained earnings for the calendar year 2019 10. Prepare the classified balance sheet at December 31, 2019 2. Prepare the necessary closing entries at December 31, 2019 Complete this question by entering your answers in the tabs below. Required Required Required Required 1B 1C 2 Prepare the necessary closing entries at December 31, 2019 View transaction list Journal entry worksheet
