CHAPTER 4 EXERCISE 4-22 Prepare Financial Statements Page 13 Nate use the after adjustment balances to prepare the financial statement Ryan Company INCOME STATEMENT Comolete the date line Check figure: Net Income . $14,100 Ryan Company RETAINED EARNINGS STATEMENT Complete the date line Check figure! Retained Earnings, August 31, 2017 - $16.800 Continued on following page CHAPTER 4 EXERCISE 4-22 Prepare Financial Statements Page 13 Note: use the "after adjustment" balances to prepare the financial statements Ryan Company INCOME STATEMENT Complete the date line Check figure: Net Income - $14,100 Ryan Company RETAINED EARNINGS STATEMENT Complete the date line III)))) Check figure: Retained Earnings, August 31, 2017 . $16,800 Continued on following page Page 14 EXERCISE 4-22 Continued CHAPTER 4 Ryan Company BALANCE SHEET complete the date line- Check figures: Total Assets - $34,500; Total Lia Total Liabilities $7,700 Othe 5-21 The trial balance shown below are before Company at the end of its fiscal year, RYAN COMPANY Trial Balance August 31, 2017 Before Adjustment After Adjustment $10.900 510,900 8,800 9.400 2.500 16.000 Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation Equipment Accounts Payable Salaries and Wages Payable Uncamed Rent Revenue Common Stock Retained Earnings 10,000 10.000 5.500 5.500 Dividends 2.800 Service Revenue 34,000 34,600 13.100 17,000 18.100 Salaries and Wages Expense Supplies Expense Repose Insurance Expense Depreciation Expense Prepare the adjusting entries that were made E 11 The adjusted wal balance for Ryan Company is given in Prepare the income and retained earnings wa n ts for the year and the classified balance . All Rights Reserved. A Division of