Question: itional Exercise 243 Your answer is partially correct. Try again. e adjusted trial balance of C.S. Financial Planners appears below. Credit C.S. Financial Planners Adjusted




itional Exercise 243 Your answer is partially correct. Try again. e adjusted trial balance of C.S. Financial Planners appears below. Credit C.S. Financial Planners Adjusted Trial Balance December 31, 2018 Debit Cash $4,900 Accounts Receivable 2,200 Supplies 1,800 Equipment 15,000 Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Common Stock Retained Earnings Dividends 2,500 Service Revenue Supplies Expense 600 Depreciation Expense 2,500 Rent Expense 2,400 $31,900 $4,000 3,300 6,000 10,000 4,400 4,200 $31,900 Using the information from the adjusted trial balance, you are to prepare for the 1. An income statement. (Enter negative amounts using either a negatives SOURCES Using the information from the adjusted trial balance, you are to prepare for the month ending December 31, 2018: okie 1. An income statement. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45). oke C.S. Financial Planners Income Statement For the Month Ended December 31, 2018 Retained Earnings, December 31 : Lookis Lala2. - Submission) r itical 06 al 2 T Service Revenue T 4200 'T Net Income / (Loss) Exercise 245 our Critical 1-032 med Submission) Citical T Supplies Expense 60 Rent Expense You Canical Depreciation Expense T 2500 Score Results by Study Total Expenses I Net Income (Loss) 2. A retained earnings statement cs. Financial Planners Retained Earnings Statement For the Month Ended December 31, 2018 : Retained Earnings, December 31 retained earnings statement. C.S. Financial Planners Retained Earnings Statement For the Month Ended December 31, 2018 Retained Earnings, December 31 4400 Add : Net Income / (Loss) -1300 Dividends -2500 600 Retained Earnings, December 1 600 3. A balance sheet. (List Current Assets in order of liquidity.) C.S. Financial Planners Balance Sheet December 31, 2018 Assets No Entry Equipment 15,000 C.S. Financial Planners Balance Sheet December 31, 2018 Assets No Entry Equipment 15,000 Cash 2,200 Accounts Receivable s / 15,000 Less Accumulated Depreciation-Equipment 4000 11,000 Total Assets 19,900 Liabilities and Stockholders' Equity Stockholders' Equity Common Stock 10,000 Retained Earnings 600 10,600 Liabilities and Stockholders' Equity Stockholders' Equity Common Stock 10,000 Retained Earnings 600 Total Assets - 10,60 Liabilities Accounts Payable 3,300 Unearned Service Revenue 6000 19,900 Total Liabilities and Stockholders' Equity 19,900 Click you would like to show Work for this question: Open Show Work
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