Business, 08.03.2021 19:50 kayadaniels2
The adjusted trial balance of George Cooper Co. as of December 31, 2020, contains the following.
GEORGE COOPER CO. ADJUSTED TRIAL BALANCE DECEMBER 31, 2020
Debit Credit
Cash $20,397
Accounts Receivable 7,845
Prepaid Rent 3,205
Equipment 18,975
Accumulated Depreciation-Equipment $5,820
Notes Payable 6,625
Accounts Payable 6,397
Common Stock 20,925
Retained Earnings 12,235
Dividends 3,925
Service Revenue 12,515
Salaries and Wages Expense 7,765
Rent Expense 2,190
Depreciation Expense 215
Interest Expense 153
Interest Payable 153
$64,670 $64,670
Required:
a. Prepare an income statement.
b. Prepare a statement of retained earnings.
c. Prepare a classified balance sheet.
Answers: 3
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The adjusted trial balance of George Cooper Co. as of December 31, 2020, contains the following.
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