x Student Portal WileyPLUS en.wileyplus.com/edugen/Iti/main.uni US Kieso, Intermediate Accounting, 17e Help | System Announcements Time: 09:19 PM/ Remaining: 37 min. Question 19 The adjusted trial balance of Sunland Financial Planners appears below. SUNLAND FINANCIAL PLANNERS Adjusted Trial Balance December 31, 2020 Debit Credit Cash $3,450 Accounts Receivable 2,100 Supplies 1,800 Equipment 17,100 Accumulated Depreciation-Equipment $4,275 3,650 6,875 Accounts Payable Unearned Service Revenue Common Stock 10,000 Retained Earnings 4,450 Dividends 3,000 Service Revenue 4,400 Supplies Expense 750 Depreciation Expense 2,500 Rent Expense 2,950 $33,650 $35,650 Study Using the information from the adjusted trial balance, you are to prepare for the 1. An income statement. (Enter negative amounts using either a negative s SUNLAND FINANCIAL PLANNERS Income Statement re to search 2. A retained earnings statement. SUNLAND FINANCIAL PLANNERS Retained Earnings Statement 3. A balance sheet. (List Assets in order of liquidity.) SUNLAND FINANCIAL PLANNERS Balance SyIeet dy Assets %24 %24 %24

x Student Portal WileyPLUS en.wileyplus.com/edugen/Iti/main.uni US Kieso, Intermediate Accounting, 17e Help | System Announcements Time: 09:19 PM/ Remaining: 37 min. Question 19 The adjusted trial balance of Sunland Financial Planners appears below. SUNLAND FINANCIAL PLANNERS Adjusted Trial Balance December 31, 2020 Debit Credit Cash $3,450 Accounts Receivable 2,100 Supplies 1,800 Equipment 17,100 Accumulated Depreciation-Equipment $4,275 3,650 6,875 Accounts Payable Unearned Service Revenue Common Stock 10,000 Retained Earnings 4,450 Dividends 3,000 Service Revenue 4,400 Supplies Expense 750 Depreciation Expense 2,500 Rent Expense 2,950 $33,650 $35,650 Study Using the information from the adjusted trial balance, you are to prepare for the 1. An income statement. (Enter negative amounts using either a negative s SUNLAND FINANCIAL PLANNERS Income Statement re to search 2. A retained earnings statement. SUNLAND FINANCIAL PLANNERS Retained Earnings Statement 3. A balance sheet. (List Assets in order of liquidity.) SUNLAND FINANCIAL PLANNERS Balance SyIeet dy Assets %24 %24 %24

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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