The adjusted trial balance of C.S. Financial Planners appears below (in 000) December 31, 2017: Debit 5,000 2,200 2,800 Credit Cash. Accounts Receivable... Supplies. . Equipment .. Accumulated Depreciation-Equipment... Accounts Payable . Unearned Service Revenue.. 15,000 4,500 3,300 6,000 10,000 ? .............. Share Capital-Ordinary.. Retained Earnings... Dividends . ........ ..2,500 Service Revenue. 4,300 Supplies Expense... Depreciation Expense Rent Expense.. 600 2,500 1,900 32,500 32,500 Required: Using the information from the adjusted trial balance, prepare for the Year ending December 31, 2017: 1. Income statement. 2. Retained earnings statement. 3. Statement of financial position.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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The adjusted trial balance of C.S. Financial Planners appears below (in 000) December 31, 2017:
Debit
Credit
Cash .
5,000
Accounts Receivable...
2,200
2,800
Supplies. .
Equipment.
Accumulated Depreciation-Equipment...
Accounts Payable. .
15,000
4,500
3,300
6,000
Unearned Service Revenue..
Share Capital-Ordinary..
Retained Earning .
Dividends .
Service Revenue...
Supplies Expense...
Depreciation Expense
Rent Expense..
10,000
?
.2,500
4,300
600
2,500
1,900
32,500
32,500
Required:
Using the information from the adjusted trial balance, prepare for the Year ending December 31, 2017:
1. Income statement.
2. Retained earnings statement.
3. Statement of financial position.
Transcribed Image Text:The adjusted trial balance of C.S. Financial Planners appears below (in 000) December 31, 2017: Debit Credit Cash . 5,000 Accounts Receivable... 2,200 2,800 Supplies. . Equipment. Accumulated Depreciation-Equipment... Accounts Payable. . 15,000 4,500 3,300 6,000 Unearned Service Revenue.. Share Capital-Ordinary.. Retained Earning . Dividends . Service Revenue... Supplies Expense... Depreciation Expense Rent Expense.. 10,000 ? .2,500 4,300 600 2,500 1,900 32,500 32,500 Required: Using the information from the adjusted trial balance, prepare for the Year ending December 31, 2017: 1. Income statement. 2. Retained earnings statement. 3. Statement of financial position.
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