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[The following information applies to the questions displayed below.) The following is the adjusted trial balance of Susan Co
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Answer #1
Income Statement
Particular Amount
Revenue
Consulting            34,500
Total (A)            34,500
Expenses
Wage              4,000
Depreciation              4,500
Insurance              2,000
Total (B)            10,500
Retain Earning -Current Year (A-B)            24,000
Statement of Retain Earning December 31
Retain Earning -Current Year            24,000
Add: Opening Retain Earning            10,500
Total            34,500
Less: Dividend paid              3,500
Balance            31,000
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