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Golden West College - ACCT G101 Using the information presented below, prepare in proper format for the month ending December 31, 2014: an income statement a statement of retained earnings a balance sheet Use the tables provided to prepare the financial statements
Golden West College - ACCT G101
Using the information presented below, prepare in proper format for the month ending December 31, 2014:
- an income statement
- a statement of retained earnings
- a balance sheet
Use the tables provided to prepare the financial statements.
NICKS FINANCIAL PLANNERS
Adjusted Trial Balance December 31, 2014
|
|
Debit |
Credit |
|
Cash ............................................................................................. |
$ 15,400 |
|
|
Accounts Receivable ................................................................... |
2,200 |
|
|
Supplies ....................................................................................... |
1,800 |
|
|
Equipment ................................................................................... |
15,500 |
|
|
Accumulated Depreciation – Equipment .................................... |
|
$ 4,000 |
|
Accounts Payable ........................................................................ |
|
3,000 |
|
Unearned Service Revenue ......................................................... |
|
5,000 |
|
Common Stock............................................................................. |
|
15,000 |
|
Retained Earnings ....................................................................... |
|
7,400 |
|
Dividends .................................................................................... |
3,500 |
|
|
Service Revenue ......................................................................... |
|
9,500 |
|
Supplies Expense ........................................................................ |
1,100 |
|
|
Depreciation Expense ................................................................. |
2,500 |
|
|
RenExpense .............................................................................. |
1,900 |
|
|
|
$43,900 |
$43,900 |
|
|
|
|
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