The adjusted trial balance for Online 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 unclassified balance sheet as of December 31, 2016. Use the account form.

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ONLINE ADVERTISING SERVICES Adjusted Trial Balance December 31, 2016 Balance Account Title Cash Accounts Receivable Office Supplies Deblt 13,500 13,800 7,700 17,500 Accumulated Depreciation Furniture S 13,500 47,500 Accumulated Depredation-Building 38,500 17,500 Accounts Payable Salaries Payable Unearned Revenue Common Stock Retained Eanings 9,500 8,000 12,500 29,500 30,000 15.500 Service Revenue Salaries Expense Supplies Expense Depreciation Expense Furniture Depreciation Expense-Building Advertising Expense 37,900 24,000 8,300 1,500 2,100 10.500 S 179,400 179,400