The adjusted trial balance of C.S. Financial Planners appears below. C.S. Financial Planners Adjusted Trial Balance December 31, 2022 Debit Credit Cash $4,900 Accounts Receivable 2,200 Supplies 1,800 Equipment 15,000 Accumulated Depreciation—Equipment $4,000 Accounts Payable 3,300 Unearned Service Revenue 6,000 Common Stock 10,000 Retained Earnings 4,400 Dividends 2,500 Service Revenue 4,200 Supplies Expense 600 Depreciation Expense 2,500 Rent Expense 2,400 $31,900 $31,900 Using the information from the adjusted trial balance, you are to prepare for the month ending December 31, 2022: An income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) C.S. Financial Planners Income Statement choose the accounting period select an opening name for section one enter an income statement item $enter a dollar amount select an opening name for section two enter an income statement item $enter a dollar amount enter an income statement item enter a dollar amount enter an income statement item enter a dollar amount select a closing name for section two enter a total amount for section two select a closing name for this statement $enter a total net income or loss amount A retained earnings statement. C.S. Financial Planners Retained Earnings Statement choose the accounting period select an opening name $enter a dollar amount select between addition and deduction : select an item $enter a dollar amount select an item enter a dollar amount enter a subtotal of the two previous amounts select a closing name $enter a total amount A balance sheet. (List Current Assets in order of liquidity.) C.S. Financial Planners Balance Sheet choose the accounting period Assets enter a balance sheet item $enter a dollar amount enter a balance sheet item enter a dollar amount enter a balance sheet item enter a dollar amount enter a balance sheet item $enter a dollar amount select between addition and deduction : enter a balance sheet item enter a dollar amount enter a subtotal of the two previous amounts select a closing section name for this part of the balance sheet $enter a total amount for this part of the balance sheet Liabilities and Stockholders' Equity select an opening name for section one enter a balance sheet item $enter a dollar amount enter a balance sheet item enter a dollar amount select a closing name for section one $enter a total amount for section one select an opening name for section two enter a balance sheet item enter a dollar amount enter a balance sheet item enter a dollar amount enter a subtotal of the two previous amounts select a closing name for this part of the balance sheet $enter a total amount for this part of the balance sheet

The adjusted trial balance of C.S. Financial Planners appears below. C.S. Financial Planners Adjusted Trial Balance December 31, 2022 Debit Credit Cash $4,900 Accounts Receivable 2,200 Supplies 1,800 Equipment 15,000 Accumulated Depreciation—Equipment $4,000 Accounts Payable 3,300 Unearned Service Revenue 6,000 Common Stock 10,000 Retained Earnings 4,400 Dividends 2,500 Service Revenue 4,200 Supplies Expense 600 Depreciation Expense 2,500 Rent Expense 2,400 $31,900 $31,900 Using the information from the adjusted trial balance, you are to prepare for the month ending December 31, 2022: An income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) C.S. Financial Planners Income Statement choose the accounting period select an opening name for section one enter an income statement item $enter a dollar amount select an opening name for section two enter an income statement item $enter a dollar amount enter an income statement item enter a dollar amount enter an income statement item enter a dollar amount select a closing name for section two enter a total amount for section two select a closing name for this statement $enter a total net income or loss amount A retained earnings statement. C.S. Financial Planners Retained Earnings Statement choose the accounting period select an opening name $enter a dollar amount select between addition and deduction : select an item $enter a dollar amount select an item enter a dollar amount enter a subtotal of the two previous amounts select a closing name $enter a total amount A balance sheet. (List Current Assets in order of liquidity.) C.S. Financial Planners Balance Sheet choose the accounting period Assets enter a balance sheet item $enter a dollar amount enter a balance sheet item enter a dollar amount enter a balance sheet item enter a dollar amount enter a balance sheet item $enter a dollar amount select between addition and deduction : enter a balance sheet item enter a dollar amount enter a subtotal of the two previous amounts select a closing section name for this part of the balance sheet $enter a total amount for this part of the balance sheet Liabilities and Stockholders' Equity select an opening name for section one enter a balance sheet item $enter a dollar amount enter a balance sheet item enter a dollar amount select a closing name for section one $enter a total amount for section one select an opening name for section two enter a balance sheet item enter a dollar amount enter a balance sheet item enter a dollar amount enter a subtotal of the two previous amounts select a closing name for this part of the balance sheet $enter a total amount for this part of the balance sheet

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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Question

The adjusted trial balance of C.S. Financial Planners appears below.

C.S. Financial Planners Adjusted Trial Balance December 31, 2022
	Debit	Credit
Cash	$4,900
Accounts Receivable	2,200
Supplies	1,800
Equipment	15,000
Accumulated Depreciation—Equipment		$4,000
Accounts Payable		3,300
Unearned Service Revenue		6,000
Common Stock		10,000
Retained Earnings		4,400
Dividends	2,500
Service Revenue		4,200
Supplies Expense	600
Depreciation Expense	2,500
Rent Expense	2,400
	$31,900	$31,900

Using the information from the adjusted trial balance, you are to prepare for the month ending December 31, 2022:

An income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

C.S. Financial Planners Income Statement choose the accounting period
select an opening name for section one
enter an income statement item		$enter a dollar amount
select an opening name for section two
enter an income statement item	$enter a dollar amount
enter an income statement item	enter a dollar amount
enter an income statement item	enter a dollar amount
select a closing name for section two		enter a total amount for section two
select a closing name for this statement		$enter a total net income or loss amount

A retained earnings statement.

C.S. Financial Planners Retained Earnings Statement choose the accounting period
select an opening name		$enter a dollar amount
select between addition and deduction :
select an item	$enter a dollar amount
select an item	enter a dollar amount
		enter a subtotal of the two previous amounts
select a closing name		$enter a total amount

A balance sheet. (List Current Assets in order of liquidity.)

C.S. Financial Planners Balance Sheet choose the accounting period
Assets
enter a balance sheet item		$enter a dollar amount
enter a balance sheet item		enter a dollar amount
enter a balance sheet item		enter a dollar amount
enter a balance sheet item	$enter a dollar amount
select between addition and deduction : enter a balance sheet item	enter a dollar amount	enter a subtotal of the two previous amounts
select a closing section name for this part of the balance sheet		$enter a total amount for this part of the balance sheet
Liabilities and Stockholders' Equity
select an opening name for section one
enter a balance sheet item	$enter a dollar amount
enter a balance sheet item	enter a dollar amount
select a closing name for section one		$enter a total amount for section one
select an opening name for section two
enter a balance sheet item	enter a dollar amount
enter a balance sheet item	enter a dollar amount
		enter a subtotal of the two previous amounts
select a closing name for this part of the balance sheet		$enter a total amount for this part of the balance sheet

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