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The adjusted trial balance of Sunland Financial Planners appears below. SUNLAND FINANCIAL PLANNERS Adjusted Trial Balance December 31, 2020 Debit Credit Cash $3,450 2,100 1,800 Accounts Receivable Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable 01 17,100 11 $4,275 12 3,650 13 Unearned Service Revenue 6,875 10,000 4,450 Common Stock Retained Earnings Dividends 3,000 Service RevVenue 4,400 Supplies Expense Depreciation Expense Rent Expense 750 2,500 2,950 $33,650 $33,650 Its by Study Using the information from the adjusted trial balance, you are to prepare for the month ending December 31: 1. An income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45) SUNLAND FINANCIAL PLANNERS ent. (Enter egative amQunts using either a negative sign preceding the number e.g. -45 or parentheses .(45) SUNLAND FINANCIAL PLANNERS Income Statement For the Quarter Ended December 31, 2020 7 by Study 2. A retained earnings statement. SUNLAND FINANCIAL PLANNERS Retained Earnings Statement

The adjusted trial balance of Sunland Financial Planners appears below. SUNLAND FINANCIAL PLANNERS Adjusted Trial Balance December 31, 2020 Debit Credit Cash $3,450 2,100 1,800 Accounts Receivable Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable 01 17,100 11 $4,275 12 3,650 13 Unearned Service Revenue 6,875 10,000 4,450 Common Stock Retained Earnings Dividends 3,000 Service RevVenue 4,400 Supplies Expense Depreciation Expense Rent Expense 750 2,500 2,950 $33,650 $33,650 Its by Study Using the information from the adjusted trial balance, you are to prepare for the month ending December 31: 1. An income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45) SUNLAND FINANCIAL PLANNERS ent. (Enter egative amQunts using either a negative sign preceding the number e.g. -45 or parentheses .(45) SUNLAND FINANCIAL PLANNERS Income Statement For the Quarter Ended December 31, 2020 7 by Study 2. A retained earnings statement. SUNLAND FINANCIAL PLANNERS Retained Earnings Statement

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The adjusted trial balance of Sunland Financial Planners appears below. SUNLAND FINANCIAL PLANNERS Adjusted Trial Balance December 31, 2020 Debit Credit Cash $3,450 2,100 1,800 Accounts Receivable Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable 01 17,100 11 $4,275 12 3,650 13 Unearned Service Revenue 6,875 10,000 4,450 Common Stock Retained Earnings Dividends 3,000 Service RevVenue 4,400 Supplies Expense Depreciation Expense Rent Expense 750 2,500 2,950 $33,650 $33,650 Its by Study Using the information from the adjusted trial balance, you are to prepare for the month ending December 31: 1. An income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45) SUNLAND FINANCIAL PLANNERS
Transcribed Image Text:The adjusted trial balance of Sunland Financial Planners appears below. SUNLAND FINANCIAL PLANNERS Adjusted Trial Balance December 31, 2020 Debit Credit Cash $3,450 2,100 1,800 Accounts Receivable Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable 01 17,100 11 $4,275 12 3,650 13 Unearned Service Revenue 6,875 10,000 4,450 Common Stock Retained Earnings Dividends 3,000 Service RevVenue 4,400 Supplies Expense Depreciation Expense Rent Expense 750 2,500 2,950 $33,650 $33,650 Its by Study Using the information from the adjusted trial balance, you are to prepare for the month ending December 31: 1. An income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45) SUNLAND FINANCIAL PLANNERS
ent. (Enter egative amQunts using either a negative sign preceding the number e.g. -45 or parentheses .(45) SUNLAND FINANCIAL PLANNERS Income Statement For the Quarter Ended December 31, 2020 7 by Study 2. A retained earnings statement. SUNLAND FINANCIAL PLANNERS Retained Earnings Statement
Transcribed Image Text:ent. (Enter egative amQunts using either a negative sign preceding the number e.g. -45 or parentheses .(45) SUNLAND FINANCIAL PLANNERS Income Statement For the Quarter Ended December 31, 2020 7 by Study 2. A retained earnings statement. SUNLAND FINANCIAL PLANNERS Retained Earnings Statement
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