The adjusted trial balance of Nicks Financial Planners appears below. NICKS FINANCIAL PLANNERS Adjusted Trial Balance...
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The adjusted trial balance of Nicks Financial Planners appears below. NICKS FINANCIAL PLANNERS Adjusted Trial Balance December 31, 2014 Debit Credit Cash $15,400 Accounts Receivable 2,200 Supplies 1,800 Equipment 15,500 Accumulated Depreciation-Equipment $4,000 Accounts Payable 3,000 Unearned Service Revenue 5,000 Common Stock 15,000 Retained Earnings 7,400 Dividends 3,500 Service Revenue 9,500 Supplies Expense Depreciation Expense 1,100 2,500 Rent Expense 1,900 $43,900 $43,900 Using the information from the adjusted trial balance, you are to prepare for the month ending December 31: An income statement. NICKS FINANCIAL PLANNERS Income Statement For the Month Ended December 31, 2014 2$ A retained earnings statement. (List items that increase retained earnings first.) NICKS FINANCIAL PLANNERS Retained Earnings Statement For the Month Ended December 31, 2014 $ $4 <> NICKS FINANCIAL PLANNERS Balance Sheet December 31, 2014 Assets Liabilities and Stockholders' Equity The adjusted trial balance of Nicks Financial Planners appears below. NICKS FINANCIAL PLANNERS Adjusted Trial Balance December 31, 2014 Debit Credit Cash $15,400 Accounts Receivable 2,200 Supplies 1,800 Equipment 15,500 Accumulated Depreciation-Equipment $4,000 Accounts Payable 3,000 Unearned Service Revenue 5,000 Common Stock 15,000 Retained Earnings 7,400 Dividends 3,500 Service Revenue 9,500 Supplies Expense Depreciation Expense 1,100 2,500 Rent Expense 1,900 $43,900 $43,900 Using the information from the adjusted trial balance, you are to prepare for the month ending December 31: An income statement. NICKS FINANCIAL PLANNERS Income Statement For the Month Ended December 31, 2014 2$ A retained earnings statement. (List items that increase retained earnings first.) NICKS FINANCIAL PLANNERS Retained Earnings Statement For the Month Ended December 31, 2014 $ $4 <> NICKS FINANCIAL PLANNERS Balance Sheet December 31, 2014 Assets Liabilities and Stockholders' Equity
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Answer 1 NiICK FINANCIAL PLANNERS Income Statement For the Month Ended December 31 2014 ... View the full answer
Related Book For
Horngrens Financial and Managerial Accounting The Financial Chapters
ISBN: 978-0134486857
6th edition
Authors: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura
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