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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:x Student Portal
WileyPLUS
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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
Transcribed Image Text: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
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