Problem 1 (4 points) (CLO. 1.4) Below is listed details of Biden Ltd. Accounts after adjusted in 2020. Prepare a Trial Balance, Profit & Loss statement (Single step) and statement of Retained Earings at the end of the year. Cash 2950 Accounts Receivable Office supplies Prepaid Insurance Equipment Accumulated Depreciation: equipment 35 28 420 Account Payable Salaries Payable Unearned Lawn Mowing Revenue 575 40 240 2500 100 Common stock Dividends 5000 1000 2350 53 Advertising expense 35 Depreciation expense: equipment 35 85 420 Lawn Mowing Revenue Gas expense Supplies expense Salaries expense

Problem 1 (4 points) (CLO. 1.4) Below is listed details of Biden Ltd. Accounts after adjusted in 2020. Prepare a Trial Balance, Profit \& Loss statement (Single step) and statement of Retained Earings at the end of the year