Question
York Yammers has finished its journal entries and adjusting entries for the month of February 2020. The adjusted trial balance is shown below. Account TitlesDRCRCash$
York Yammers has finished its journal entries and adjusting entries for the month of February 2020. The adjusted trial balance is shown below.
Account TitlesDRCRCash$ 8,750Accounts Receivable$ 8,000Prepaid Insurance$ 1,070Equipment$ 63,860Accumulated Depreciation-Equipment$ 1,330Accounts Payable$ 9,810Interest Payable$ 80Unearned Revenue$ 5,350Bank Loan$ 15,380Contributed Capital$ 39,640Retained Earnings$10,000Dividends$ 1,680Service Revenue$ 5,330Advertising Expense$ 240Depreciation Expense$ 430Insurance Expense$ 470Interest Expense$ 440Rent Expense$ 1,980Total$ 86,920$ 86,920
Create the balance sheet, statement of retained earnings, and income statement for the company. You are not required to give any subtotals for income statement or balance sheet such as gross profit or current assets.
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