The adjusted trial balance for Burlington Advertising Services is presented below:

Requirements
1. Prepare the income statement for the year ending December 31, 2016.
2. Prepare the statement of retained earnings for the year ending December 31, 2016.
3. Prepare the classified balance sheet as of December 31, 2016. Use the report form.

Transcribed Image Text:

BURLINGTON ADVERTISING SERVICES Adjusted Trial Balance December 31, 2016 Balance Account Title Cash Accounts Receivable Office Supplies Furniture Accumulated Depreciation-Furniture Building Accumulated Depreciation-Building Land Accounts Payable Salaries Payable Unearned Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Supplies Expense Depreciation Expense-Furniture Depreciation Expense Building Advertising Expense Total Debit Credit 14,100 14,200 6,200 19,200 14,400 51,500 35,700 18,300 10,200 7,400 17,500 32,000 37,000 20,100 40,100 28,000 8,600 500 2,600 11,000 194,300 S 194,300