Use the following Company R adjusted trial balance to prepare the following: Adjusted Trial Balance Debit...

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Use the following Company R adjusted trial balance to prepare the following: Adjusted Trial Balance Debit Credit Cash $44,000 Accounts Receivable 13,700 Prepaid Insurance 6,200 Land 16,000 Accounts Payable $14,900 Salaries Payable 4,500 Common Stock 30,000 Retained Earnings 10,200 Dividends 14,000 Service Revenue 88,700 Insurance Expense 7,600 Salaries Expense 32,000 Miscellaneous Expense 14,800 $148,300 $148,300 A. Prepare an income statement. A. Prepare an income statement. Company R Income Statement For the Year Ended December 31, 2019 Revenues: Expenses: Total Expenses 24 %24 %24 B. Prepare a retained earnings statement. Company R Retained Earnings Statement For the Year Ended December 31, 2019 C. Prepare a balance sheet (simple-unclassified). Company R Balance Sheet December 31, 2019 Assets Total Assets Liabilities Total Liabilities Equity Total Equity Total Liabilities and Equity %24 D. Prepare closing journal entries. If an amount box does not require an entry field, leave it blank 1. 2. 3. E. Prepare a post-closing trial balance. If an amount box does not require an entry field, leave it blank. Company R Post-Closing Trial Balance December 31, 2019 Debit Credit Use the following Company R adjusted trial balance to prepare the following: Adjusted Trial Balance Debit Credit Cash $44,000 Accounts Receivable 13,700 Prepaid Insurance 6,200 Land 16,000 Accounts Payable $14,900 Salaries Payable 4,500 Common Stock 30,000 Retained Earnings 10,200 Dividends 14,000 Service Revenue 88,700 Insurance Expense 7,600 Salaries Expense 32,000 Miscellaneous Expense 14,800 $148,300 $148,300 A. Prepare an income statement. A. Prepare an income statement. Company R Income Statement For the Year Ended December 31, 2019 Revenues: Expenses: Total Expenses 24 %24 %24 B. Prepare a retained earnings statement. Company R Retained Earnings Statement For the Year Ended December 31, 2019 C. Prepare a balance sheet (simple-unclassified). Company R Balance Sheet December 31, 2019 Assets Total Assets Liabilities Total Liabilities Equity Total Equity Total Liabilities and Equity %24 D. Prepare closing journal entries. If an amount box does not require an entry field, leave it blank 1. 2. 3. E. Prepare a post-closing trial balance. If an amount box does not require an entry field, leave it blank. Company R Post-Closing Trial Balance December 31, 2019 Debit Credit

Answer rating: 100% (QA)

A Company R Income statement For the year ended Dec 31 2019 Revenues Service re... View the full answer