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Using the information presented below, prepare in proper format for the year ending December 31, 2019: an income statement a statement of retained earnings a balance sheet             Randle Enterprises Adjusted Trial Balance December 31, 2019 Account Title                              Debit                  Credit   Cash 16,000   Accounts Receivable 6,000 Supplies 2,000 Equipment 19,000 Accumulated Depreciation   6,000 Accounts Payable   10,000 Salaries Payable   2,000 Common Stock   7,000 Retained Earnings   4,000 Dividends 1,000   Service Revenue   47,000 Salaries Expense 21,000   Rent Expense 6,000     Depreciation Expense                           5,000                                                             Total                                                      76,000                       76,000                       Use the tables provided to prepare the financial statements 4

Accounting Mar 23, 2021

Using the information presented below, prepare in proper format for the year ending December 31, 2019:

  1. an income statement
  2. a statement of retained earnings
  3. a balance sheet

            Randle Enterprises Adjusted Trial Balance December 31, 2019

Account Title                              Debit                  Credit

 

Cash

16,000

 

Accounts Receivable

6,000

Supplies

2,000

Equipment

19,000

Accumulated Depreciation

 

6,000

Accounts Payable

 

10,000

Salaries Payable

 

2,000

Common Stock

 

7,000

Retained Earnings

 

4,000

Dividends

1,000

 

Service Revenue

 

47,000

Salaries Expense

21,000

 

Rent Expense

6,000

 

 

Depreciation Expense                           5,000                                                           

 Total                                                      76,000                       76,000                      

Use the tables provided to prepare the financial statements

4. What is the total amount of the credit column in the post-closing trial balance of Randle Enterprises on December 31, 2019?                                                                                                               

 

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