Question: Completing the Accounting > Exercises E4-16 Preparing the financial statements The adjusted trial balance for Green Advertising Services is presented below: Learning Objective 2. Ending

 Completing the Accounting > Exercises E4-16 Preparing the financial statements The

Completing the Accounting > Exercises E4-16 Preparing the financial statements The adjusted trial balance for Green Advertising Services is presented below: Learning Objective 2. Ending Retained Ear $8,200 GREEN ADVERTISING SERVICES Adjusted Trial Balance December 31, 2018 Balance Debit Credit Account Title Cash $ 14,000 15,800 6,500 18,400 47.900 $ 36,100 19,600 14,100 10,600 7,200 Accounts Receivable Office Supplies Land Building Accumulated Depreciation-Building Furniture Accumulated Depreciation-Furniture Accounts Payable Salaries Payable Unearned Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Supplies Expense Depreciation Expense-Building Depreciation Expense-Furniture Advertising Expense Total 16,000 30,000 31,400 18,300 49,800 28,600 8,400 2,900 1,300 13,500 $ 195,200 $ 195,200 Requirements 1. Prepare the income statement for the year ending December 31, 2018. 2. Prepare the statement of retained earnings for the year ending December 31, 2018 3. Prepare the classified balance sheet as of December 31, 2018. Use the report form. Claecifiving balance sheet accounts

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!