Use the following year-end adjusted trial balance to prepare the (1) statement of retained earnings, and...
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Use the following year-end adjusted trial balance to prepare the (1) statement of retained earnings, and (2) classified balance sh the year ended December 31. The Retained Earnings account balance was $13,540 at December 31 of the prior year. Adjusted Trial Balance December 31 Cash Accounts receivable Prepaid insurance Supplies Equipment Accumulated depreciation-Equipment Buildings Accumulated depreciation-Buildings Land Salaries payable Property taxes payable Interest payable Unearned revenue Long-term notes payable Common stock Retained earnings Dividends Rent revenue Salaries expense Utilities expense Property taxes expense Insurance expense Supplies expense Depreciation expense-Equipment Depreciation expense-Buildings Interest expense Totals $ 3,250 600 1,030 280 6,200 $ 1,300 102,000 30,000 117,000 1,080 1,600 2,400 660 152,000 32,000 13,540 23,000 71,500 31,000 3,100 2,600 6,000 450 600 5,770 3,200 $ 306,080 $ 306,080 Complete this question by entering your answers in the tabs below. Balance Sheet December 31 Assets Liabilities Equity 0 0 Use the following year-end adjusted trial balance to prepare the (1) statement of retained earnings, and (2) classified balance sh the year ended December 31. The Retained Earnings account balance was $13,540 at December 31 of the prior year. Adjusted Trial Balance December 31 Cash Accounts receivable Prepaid insurance Supplies Equipment Accumulated depreciation-Equipment Buildings Accumulated depreciation-Buildings Land Salaries payable Property taxes payable Interest payable Unearned revenue Long-term notes payable Common stock Retained earnings Dividends Rent revenue Salaries expense Utilities expense Property taxes expense Insurance expense Supplies expense Depreciation expense-Equipment Depreciation expense-Buildings Interest expense Totals $ 3,250 600 1,030 280 6,200 $ 1,300 102,000 30,000 117,000 1,080 1,600 2,400 660 152,000 32,000 13,540 23,000 71,500 31,000 3,100 2,600 6,000 450 600 5,770 3,200 $ 306,080 $ 306,080 Complete this question by entering your answers in the tabs below. Balance Sheet December 31 Assets Liabilities Equity 0 0
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