Accounts Cash Accounts Receivable Supplies Prepaid Rent Buildings Accumulated Depreciation Accounts Payable Salaries Payable Utilities Payable...

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Accounts Cash Accounts Receivable Supplies Prepaid Rent Buildings Accumulated Depreciation Accounts Payable Salaries Payable Utilities Payable Adjusted Trial Balance December 31, 2024 Debits Credits $ 5,300 4,300 2,300 6,300 113,000 $ 21,300 3,300 4,300 1,000 23,000 53,000 15,300 114,100 42,300 18,300 7,300 8,300 13,300 12,300 2,300 $ 235,300 $ 235,300 Notes Payable (due in four years) Common Stock Retained Earnings Service Revenues Salaries Expense Rent Expense Depreciation Expense Supplies Expense Advertising Expense Utilities Expense Interest Expense Totals Required: 1. Prepare an income statement for the year ended December 31, 2024. 2. Prepare the statement of stockholders' equity, note that during the year the company issued a This amount is included in the amount for Common Stock in the adjusted trial balance. 3. Prepare the classified balance sheet for the year ended December 31, 2024. Accounts Cash Accounts Receivable Supplies Prepaid Rent Buildings Accumulated Depreciation Accounts Payable Salaries Payable Utilities Payable Adjusted Trial Balance December 31, 2024 Debits Credits $ 5,300 4,300 2,300 6,300 113,000 $ 21,300 3,300 4,300 1,000 23,000 53,000 15,300 114,100 42,300 18,300 7,300 8,300 13,300 12,300 2,300 $ 235,300 $ 235,300 Notes Payable (due in four years) Common Stock Retained Earnings Service Revenues Salaries Expense Rent Expense Depreciation Expense Supplies Expense Advertising Expense Utilities Expense Interest Expense Totals Required: 1. Prepare an income statement for the year ended December 31, 2024. 2. Prepare the statement of stockholders' equity, note that during the year the company issued a This amount is included in the amount for Common Stock in the adjusted trial balance. 3. Prepare the classified balance sheet for the year ended December 31, 2024.

Answer rating: 100% (QA)

1 Income Statement for the Year Ended December 31 2024 Service Revenues 53000 Expenses Salaries Expe... View the full answer