Question: pls only answer if you can cover all the points. under the question* thank you!!! Required information E4-2 (Algo) Identifying Adjustments and Preparing Financial Statements
pls only answer if you can cover all the points. under the question* thank you!!!


![Statements from a Trial Balance [LO 4-1, LO 4-4] [The following information](https://dsd5zvtm8ll6.cloudfront.net/si.experts.images/questions/2024/09/66f79f66a9d88_23066f79f664a7c3.jpg)
![applies to the questions displayed below.] Diaz Corporation reported its balance sheet](https://dsd5zvtm8ll6.cloudfront.net/si.experts.images/questions/2024/09/66f79f67748bd_23166f79f6706ea1.jpg)





Required information E4-2 (Algo) Identifying Adjustments and Preparing Financial Statements from a Trial Balance [LO 4-1, LO 4-4] [The following information applies to the questions displayed below.] Diaz Corporation reported its balance sheet at May 31, 2019. Assume the following alphabetically listed accounts were included in its trial balance immediately prior to preparing the financial statements. 1. Based on the trial balance, provide the name of the account that would accompany (a) Prepaid Rent and (b) Depreciation Expense in deferral adjustments at May 31. (Check all that apply.) Check All That Apply Accumulated Depreciation Accounts Receivable Cash Inventories Other Current Liabilities Accounts Receivable Cash Inventories Other Current Liabilities Rent Expense Selling, General and Administrative Expenses 2. Based on the trial balance, provide the name of the account that would accompany (a) Interest Revenue and (b) Salaries and Wages Expense in accrual adjustments at May 31. (Check all that apply.) Check All That Apply Accumulated Depreciation Cash Contributed Capital Interest Receivable Prepare an income statement for the year ended December 31. Complete this question by entering your answers in the tabs below. How much net income did the Sky Blue Corporation generate during the year? Prepare a statement of retained earnings for the year. Prepare a classified balance sheet at December 31. (Amounts to be deducted should be indicated by a minus sign. 1. Prepare a classified balance sheet at December 31 . 2. Are the Sky Blue Corporation's assets financed primarily by debt or equity? Are the Sky Blue Corporation's assets financed primarily by debt or equity
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