Question: Using the trial balance below: complete the income statement, the statement of retained earnings and a balance sheet. Johnny Dollar's Body Shop Trial Balance December

Using the trial balance below: complete the income statement, the statement of retained earnings and a balance sheet. Johnny Dollar's Body Shop Trial Balance December 31, 2020 6500 475 2500 600 35200 Cash Accounts receivable Body shop supplies Office supples Body shop equipment Accounts payable Common stock Retained earnings Dividends Revenue earned Body shop supplies expense Office supplies expenso Rent expenso Utilities expense Wages expense 1500 10000 11775 36000 95000 3425 775 6000 4800 22000 118275 118275 Check my work Pablo Management has five part-time employees, each of whom earns $250 per day. They are normally paid on Fridays for work completed Monday through Friday of the same week. They were paid in full on Friday, December 28. The next week, the five employees worked only four days because New Year's Day was an unpaid holiday. Prepare the adjusting entry that would be recorded on Monday, December 31 and Friday, January 4. View transaction list Journal entry worksheet 1 2 Record adjusting entry on Monday, December 31. Note: Enter debits before credits Date General Journal Debit Credit December 31
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