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Using the Adjusted Trial Balance, complete the Income Statement, Statement of Retained Earnings, and Balance Sheet. Enter any decreases with a minus sign or parentheses.
Using the Adjusted Trial Balance, complete the Income Statement, Statement of Retained Earnings, and Balance Sheet. Enter any decreases with a minus sign or parentheses.
Balance Month Ended December 31, 2016 Account Title Debit Credit Cash 17,000 Revenue Accounts Receivable 9,400 service revenue 200 Office Supplies Prepaid Rent Furniture Expenses: 11,300 depreciation expense-furniture interest expense rent expense salaries expense supplies expense 19,900 Accumulated Depreciation--Furniture Accounts Payable Salaries Payable Interest Payable 6,800 2,200 500 300 Total Expenses Unearned Revenue 5,600 Net Income Notes Payable 7,900 Common Stock 11,100 Retained Earnings 11,300 SMART TOUCH LEARNING Dividends 28,900 Statement of Retained Earnings Service Revenue 51,700 Month Ended December 31, 2016 Depreciation Expense-Furniture Interest Expense Rent Expense Salaries Expense Supplies Expense Total 2,200 Retained Earnings, December 1, 2016 300 Net income for the year 3,400 3,900 Dividends 900 Retained Earnings, December 31, 2016 97,400 97,400Step by Step Solution
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