Sorry for it being such a long question just needed help. The adjusted trial balance for Tybalt

Sorry for it being such a long question just needed help.

 

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The adjusted trial balance for Tybalt Construction on December 31 of the current year follows. TYBALT CONSTRUCTION Adjusted Trial Balance December 31 201 203 Interest payable 208 Rent payable 210 Wages payable 213 Property taxes payable Number Account Title 101 Cash Debit $ 6,000 Credit 126 Supplies 33,300 128 Prepaid insurance 7,500 167 Equipment 50,000 168 Accumulated depreciation-Equipment $ 25,000 173 Building 171,000 174 Accumulated depreciation-Building 57,000 183 Land Accounts payable 60,160 15,500 2,400 3,900 2,800 900 236 Unearned revenue 14,400 251 Long-term notes payable. 58,000 307 Common stock 6,000 318 Retained earnings 125,700 319 Dividends 11,800 403 Services revenue 101,000 406 Rent revenue 17,500 409 Interest revenue 4,900 606 Depreciation expense-Building 12,540 612 Depreciation expense-Equipment 7,500 623 Wages expense 44,100 633 Interest expense 3,200 637 Insurance expense 8,000 640 Rent expense 10,400 652 Supplies expense 5,300 683 Property taxes expense 4,200 Totals $435,000 $435,000 The Retained Earnings account balance was $125,700 on December 31 of the prior year. Required: 1a. Prepare the income statement for the current year ended December 31. 1b. Prepare the statement of retained earnings for the current year ended December 31. 1c. Prepare the classified balance sheet at December 31 of the current year. 2. Prepare the necessary closing entries at December 31 of the current year. The adjusted trial balance for Tybalt Construction on December 31 of the current year follows. TYBALT CONSTRUCTION Adjusted Trial Balance December 31 201 203 Interest payable 208 Rent payable 210 Wages payable 213 Property taxes payable Number Account Title 101 Cash Debit $ 6,000 Credit 126 Supplies 33,300 128 Prepaid insurance 7,500 167 Equipment 50,000 168 Accumulated depreciation-Equipment $ 25,000 173 Building 171,000 174 Accumulated depreciation-Building 57,000 183 Land Accounts payable 60,160 15,500 2,400 3,900 2,800 900 236 Unearned revenue 14,400 251 Long-term notes payable. 58,000 307 Common stock 6,000 318 Retained earnings 125,700 319 Dividends 11,800 403 Services revenue 101,000 406 Rent revenue 17,500 409 Interest revenue 4,900 606 Depreciation expense-Building 12,540 612 Depreciation expense-Equipment 7,500 623 Wages expense 44,100 633 Interest expense 3,200 637 Insurance expense 8,000 640 Rent expense 10,400 652 Supplies expense 5,300 683 Property taxes expense 4,200 Totals $435,000 $435,000 The Retained Earnings account balance was $125,700 on December 31 of the prior year. Required: 1a. Prepare the income statement for the current year ended December 31. 1b. Prepare the statement of retained earnings for the current year ended December 31. 1c. Prepare the classified balance sheet at December 31 of the current year. 2. Prepare the necessary closing entries at December 31 of the current year.