ACC 121 - Financial Statement Problem
Given the adjusted trial balance below, prepare (in good form) an income statement, statement of retained earnings, and balance sheet. The name of the business Income Solutions, Inc and the accounting period coincides with the calendar year.
	Income Solutions, Inc
	Adjusted Trial Balance
	December 31, 20x5
	Cash		$ 695
	Accounts Receivable		1,700
	Supplies		45
	Prepaid Insurance		45
	Office Equipment		2,500
	Accumulated Depreciation - Office Equipment			$ 400
	Accounts Payable			1,700
	Salaries Payable			100
	Common Stock			1,000
	Retained Earnings			900
	Service Revenue			2,855
	Salaries Expense		1,650
	Supplies Expense		110
	Insurance Expense		110
	Depreciation Expense - Office Equipment		100
			$ 6,955	$ 6,955