Question: Problem #2 - 30 Points (FORMATTING IMPORTANT) The adjusted trial balance of Ryan Company appears below. Using the information from the adjusted trial balance, you

Problem #2 - 30 Points (FORMATTING IMPORTANT) The
Problem #2 - 30 Points (FORMATTING IMPORTANT) The adjusted trial balance of Ryan Company appears below. Using the information from the adjusted trial balance, you are to prepare for the month ending December 31: 1. an income statement. N a retained earnings statement. 3. a balance sheet. (You need to calculate the amount of cash) Trial Balance Debit Credit Cash S 285,000 $ Accounts Receivable ? Allowance for Doubtful Accounts 4,800 Supplies 45,000 Prepaid Insurance 16,500 Equipment 178,500 Accumulated Depreciation - Equipment 24,000 Notes Payable 150,000 Accounts Payable 75,000 Interest Payable 1,500 Unearned Service Revenue 24,000 Salaries & Wage Payable 18,000 Common Stock $ 300,000 Retained Earnings $ 125,000 Dividends 50,000 Service Revenue 318,000 Salaries & Wage Expense 138,000 Supplies Expense 45,000 Rent Expense 27,000 Insurance Expense 15,000 Interest Expense $ 1,500 Depreciation Expense 12,000 Bad Debt Expense 4,800 S ?

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