1-2 3 4 5 6 7 8 6 10 10 Exercise 10 Prepare financial statements for Yo Corp, given the following account balances List expenses in alphabetical order and acts in order of liquidity, AP 40 Ren Expense AR Retained Earnings 1/1/2X Advertising Expense 16 Service Revenue 400 Cash 104 Supplies Common Stock 24 Supplies Expense 24 Dividends Machine 320 Note Payable 120 Uncamed Revie Wages Payable 64 Prepaid Rent 16 Revenue Service Revenue 400 Expenses Advenising Expense 16 Rent Expense 32 Supplies Expense 24 Wage Expense 96 Total Expenses 160 Net Income 232 Retained Earnings 1/1/2X + Net Income Dividends Retained Earnings 12/31/2X Assets 80 232 X xx xx xx ** xx Total Ass X Liabilities Total Liabilit Shareholder's Equity Total Shareholder's Equity Total Liabilities & Equity xx xx x