5. Prepare an unadjusted trial balance, a preliminary income statement, statement of retained earnings, and classified balance sheet as of and for the year ended December 31 using the December transactions listed below. a. Provided rental services at a price of $360 and collected the full amount in cash. b. Paid $84 cash to a cleaning company for December work. c. Paid $72 cash to MyBnB's part-time employee for December wages. d. Paid $120 cash on account for amounts owed from a prior equipment purchase. e. Obtained repair services in December at a cost of $48, to be paid in January.

5. Prepare an unadjusted trial balance, a preliminary income statement, statement of retained earnings, and classified balance sheet as of and for the year ended December 31 using the December transactions listed below. a. Provided rental services at a price of $360 and collected the full amount in cash. b. Paid $84 cash to a cleaning company for December work. c. Paid $72 cash to MyBnB's part-time employee for December wages. d. Paid $120 cash on account for amounts owed from a prior equipment purchase. e. Obtained repair services in December at a cost of $48, to be paid in January.

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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