The Adjusted Trial Balance For Chiara Company As Of December 31 Follows Credit Debit 130 200 54 500 22 000 170 000 16 1 (33.04 KiB) Viewed 18 times
The Adjusted Trial Balance For Chiara Company As Of December 31 Follows Credit Debit 130 200 54 500 22 000 170 000 16 2 (29.12 KiB) Viewed 18 times
The adjusted trial balance for Chiara Company as of December 31 follows Credit Debit $ 130,200 54,500 22.000 170,000 16,000 169.000 $ 105,000 148,000 17.000 17.00 Cash Accounts receivable Interest receivable Notes receivable (due in 90 days) office supplies Automobiles Accumulated depreciation Automobiles Equipment Accumulated depreciation Equipment Land Accounts payable Interest payable Salaries payable Unearned fees Long-term notes payable Connon stock Retained earnings Dividends Fees earned Interest earned Depreciation expense-Automobiles Depreciation expense-Equipment Salaries expense Wages expense Interest expense Office supplies expense Advertising expense Repairs expense-Automobiles Totals 100,000 50,000 26,000 36,000 146,000 29,580 266,220 50.000 534,000 26,000 26,500 21.600 190,000 39,000 36,400 34,800 60,000 31.400 $1,335,800 $1,335,800 Required: Use the information in the adjusted trial balance to prepare (a) the income statement for the year ended December 31; (b) the statement of retained earnings for the year ended December 31 (Note: Retained Earnings at December 31 of the prior year was $266,220) and (c) the balance sheet as of December 31 Complete this question by entering your answers in the tabs below.
Required A Required Required Prepare the income statement for the year ended December 31 CHIARA COMPANY Income Statement For Your Ended December 31 $ 0 0 < Required A Required B >
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