Question

itional Exercise 243 Your answer is partially correct. Try again. e adjusted trial balance of C.S. Financial Planners appears below. Credit C.S. Financial Planners Adjusted Trial Balance December 31, 2018 Debit Cash $4,900 Accounts Receivable 2,200 Supplies 1,800 Equipment 15,000 Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Common Stock Retained Earnings Dividends 2,500 Service Revenue Supplies Expense 600 Depreciation Expense 2,500 Rent Expense 2,400 $31,900 $4,000 3,300 6,000 10,000 4,400 4,200 $31,900 Using the information from the adjusted trial balance, you are to prepare for the 1. An income statement. (Enter negative amounts using either a negatives

Answer 1

m - Cis- financial Planners artiet Income Statement - skin for the month Ended Dec 31, 2018 Revenues, ir Service Revenue $4300 Expenses Supplies Expense Rent I expense Depreciation Expense $600 ३२५०० $2500 Total Expense Ssso Net Ancohe llossa -$1300 Cs.financial Planners Pertained Earnings statement for the month Ended Dec 3, 2018 Retained Earnings, December 1 o $ 4400 Net Income / (loss) vividende a on -$1300 1-$2500 Retained Earnings December 31 -$ 3800 $ 600

C.S. financial Planners - Balance Sheet December 31, 2018 Assets Cash L Accounts Receivable Supplies - Equipment $15000 Less: Accumulated Oepreciation |($4070) $4900 २२०० $18.00 $11.000 Total Assets $ 19,900 Liabilities and stockholderis cyntaf I Liabilities, I accounts Payable Unearted service Revenue $8,300 & 6ooo Total Liabilities $9 300 I Stockholden's equity & Common stock Retained Earnings $70,000 $600 $ 10,600 $ 19,900 Total Lehilities & Stockholder's equity
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