The adjusted trial balance of Ryan Financial Planners appears below.
RYAN FINANCIAL PLANNERS
Adjusted Trial Balance
December 31, 2014

Using the information from the adjusted trial balance, you are to prepare for the month ending December 31:
1. An income statement.
Dividends Expenses
Net Income / (Loss)
Retained earnings,
December 1 Retained earnings,
December 31 Revenues
Total Expenses
Total Revenues
RYAN FINANCIAL PLANNERS
Income Statement
For the Month Ended December 31, 2014
Dividends
Expenses
Net Income / (Loss)
Retained earnings,
December 1 Retained earnings,
December 31 Revenues
Total Expenses
Total Revenues
2. A retained earnings statement.
RYAN FINANCIAL PLANNERS
Retained Earnings Statement
For the Month Ended December 31, 2014
3. A balance sheet.
RYAN FINANCIAL PLANNERS
Balance Sheet
December 31, 2014
Dividends
Expenses
Net Income / (Loss)
Retained earnings,
December 1
Retained earnings,
December 31 Revenues
Total Expenses
Total Revenues
Less
Assets
Liabilities and Stockholders' Equity
Current Assets
Liabilities
Intangible Assets
Long-term Investments
Long-term Liabilities Property,
Plant and Equipment Stockholders'
Equity
Total Assets
Total Current Assets
Total Current Liabilities
Total Intangible Assets
Total Liabilities
Short-term Investments
Total Long-term Investments
Total Long-term Liabilities
Total Property,
Plant and Equipment
Total Liabilities and Stockholders

Transcribed Image Text:

Credit Debit Cash 2,660 Accounts Receivable 2,140 Supplies 1,850 Equipment 15,900 Accumulated Depreciation-Equipment 3,975 Accounts Payable 3,310 Unearned Service Revenue 3,205 Common Stock 10,000 Retained Earnings 4,510 Dividends 1,000 4,300 Service Revenue Supplies Expense 410 Depreciation Expense 2,420 Rent Expense 2,920 29,300 29,300