ACCOUNTING G$101$ Financial Accounting

Financial Statements Assignment

$1$ of $2$

Using the information presented below, prepare in proper format for the year ending December $31,2023$:

$1.$ an income statement

$2.$ a statement of retained earnings

$3.$ a balance sheet

Randle Enterprises

Adjusted Trial Balance

December $31,2023$

Account Title Debit Credit

Cash $16,000$

Accounts Receivable $6,000$

Supplies $2,000$

Automobile $18,000$

Accumulated Depreciation $6,000$

Accounts Payable $10,000$

Salaries Payable $2,000$

Common Stock $7,000$

Retained Earnings $4,000$

Dividends $1,000$

Service Revenue $46,000$

Salaries Expense $21,000$

Rent Expense $6,000$

Depreciation Expense $5,000$

Total $75,00075,000$

Use the tables provided to prepare the financial statements. The tables are formatted in red font.

$1.$ income statement