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The adjusted trial balance of Ryan Financial Planners appears below

Accounting Mar 23, 2021

The adjusted trial balance of Ryan Financial Planners appears below. Using the information from the adjusted trial balance, you are to prepare for the month ending December 31:

    1. an income statement.      
    2. a retained earnings statement.
    3. a statement of financial position.

 

RYAN FINANCIAL PLANNERS

 

                                             Adjusted Trial Balance December 31, 2012

Debit                  Credit

 

Cash

     $4,400

Accounts Receivable..........................................................................

2,200

 

Office Supplies...................................................................................

1,800

 

Office Equipment...............................................................................

15,000

 

Accumulated Depreciation—Office Equipment................................

 

$4,000

Accounts Payable...............................................................................

 

3,800

Unearned Revenue.............................................................................

 

5,000

Share Capital–Ordinary.....................................................................

 

10,000

Retained Earnings (1 Dec).................................................................

 

4,400

Dividends ..........................................................................................

2,500

 

Service Revenue.................................................................................

 

3,700

Office Supplies Expense....................................................................

600

 

Depreciation Expense........................................................................

2,500

 

Rent Expense.....................................................................................

    1,900

            

 

$30,900

$30,900

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