Question: Use the Adjusted Trial Balance below for the Year Ended December 31, 2020 to complete the general jornal, Income Statement, Statement of Stockholder's Equity, and
Use the Adjusted Trial Balance below for the Year Ended December 31, 2020 to complete the general jornal, Income Statement, Statement of Stockholder's Equity, and Balance Sheet. Statement formats are included on the Exam 1 format document.
M4 Engineering, Inc. Adjusted Trial Balance For the Year Ended December 31, 2020 Account Name Debit Credit Cash 15,000 Accounts Receivable 10,000 Supplies 750 Building 100,000 Accum. Depreciation 15,450 Accounts Payable 5,000 Notes Payable 12,000 Common Stock 25,000 Retained Earnings 17,500 Dividends 3,000 Fees Earned 80,000 Depreciation Expense 2,000 Rent Expense 18,000 Utility Expense 6,200 Totals 154,950 154,950 For the year ended December 31, 2020, prepare the Financial Statements, Closing Journal Entries, update the T-Accounts, and prepare the Post-Closing Trial Balance
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