The adjusted trial balance for Happ Company follows. Adjusted Trial Balance December 31 Number 101 106...
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The adjusted trial balance for Happ Company follows. Adjusted Trial Balance December 31 Number 101 106 153 154 183 201 209 233 307 318 319 401 611 622 640 Account Title Cash Accounts receivable Trucks Accumulated depreciation-Trucks Land Accounts payable Salaries payable Unearned revenue Common stock Retained earnings Dividends Plumbing revenue Depreciation expense-Trucks Salaries expense Rent expense Totals Debit $ 8,400 36,708 43,500 30,000 Credit $ 17,487 19,572 4,477 3,877 16,000 54,007 74,000 19,103 5,829 34,632 11,248 $ 189,420 $ 189,420 a. Use the adjusted trial balance to prepare the December 31 year-end income statement. b. Use the adjusted trial balance to prepare the December 31 year-end statement of retained earnings. The Retained earnings account balance was $54,007 on December 31 of the prior year. c. Use the adjusted trial balance to prepare the December 31 year-end balance sheet. The adjusted trial balance for Happ Company follows. Adjusted Trial Balance December 31 Number 101 106 153 154 183 201 209 233 307 318 319 401 611 622 640 Account Title Cash Accounts receivable Trucks Accumulated depreciation-Trucks Land Accounts payable Salaries payable Unearned revenue Common stock Retained earnings Dividends Plumbing revenue Depreciation expense-Trucks Salaries expense Rent expense Totals Debit $ 8,400 36,708 43,500 30,000 Credit $ 17,487 19,572 4,477 3,877 16,000 54,007 74,000 19,103 5,829 34,632 11,248 $ 189,420 $ 189,420 a. Use the adjusted trial balance to prepare the December 31 year-end income statement. b. Use the adjusted trial balance to prepare the December 31 year-end statement of retained earnings. The Retained earnings account balance was $54,007 on December 31 of the prior year. c. Use the adjusted trial balance to prepare the December 31 year-end balance sheet.
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