The adjusted trial balance of Cavamanlis Co. as of December 31, 2022, contains the following.

Instructions

a. Prepare an income statement.

b. Prepare a retained earnings statement.

c. Prepare a classified statement of financial position.

Transcribed Image Text:

Cavamanlis Co. Adjusted Trial Balance December 31, 2022 Dr. Cr. Cash $18,972 Accounts Receivable 6,920 Prepaid Rent 2,280 Equipment 18,050 Accumulated Depreciation-Equipment $ 4,895 Notes Payable 5:700 Accounts Payable 4,472 Share Capital-Ordinary Retained Earnings 20,000 11,310 Dividends 3,000 Service Revenue 12,590 Salaries and Wages Expense 6,840 Rent Expense 2,760 Depreciation Expense 145 Interest Expense 83 Interest Payable 83 $59,050 $59,050