FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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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
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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
expand button
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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