a.)

b.)

c.)

please help with part C please!! please also show work for my understanding, thank you in advance ! I do upvote correct answers

Your answer is correct. Prepare the income statement for the year ended August 31. CULLUMBER COMPANY Income Statement For the Year Ended August 31, 2017 Rent Revenue $ $ Salaries and Wages Expense Supplies Expense Rent Expense Insurance Expense Depreciation Expense $ The adjusted trial balance for Cullumber Company is given below: (b) Your answer is correct. Prepare the retained earnings statements for the year ended August 31. (List items that increase retained earnings first.) CULLUMBER COMPANY Retained Earnings Statement For the Year Ended August 31, 2017 $ Add : Retained Earnings, August 31, 2017 $ Prepare the classified balance sheet at August 31. (List Current Assets in order of liquidity.) CULLUMBER COMPANY Balance Sheet August 31, 2017 Assets Current Assets $ $ Liabilities and Stockholders' Equity $ $ $ $