Question: Using the information presented below, prepare in proper format for the month ending December 31, 2020: 1.an income statement 2.a statement of retained earnings 3.a
Using the information presented below, prepare in proper format for the month ending December 31, 2020:
1.an income statement
2.a statement of retained earnings
3.a balance sheet
Using the information presented below, prepare in proper format for the month ending December 31, 2020: 1. an income statement 2. a statement of retained earnings 3. a balance sheet Metta World Peace Financial Planners Adjusted Trial Balance December 31, 2020 Debit Credit Cash $ 7,500 Accounts Receivable 12,000 Prepaid Insurance 6,000 Building 30,000 Accumulated Depreciation - Building Accounts Payable 5,000 $ 4,000 Unearned Service Revenue 12,000 Common Stock 13,000 9,000 Retained Earnings Dividends 2,000 Service Revenue 27,500 Insurance Expense 3,000 7,000 Depreciation Expense Salaries Expense $ 70,500 $ 70,500 3,000
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