The adjusted trial balance for Chiara Company as of December 31 follows. Cash Accounts receivable. Interest receivable N

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The Adjusted Trial Balance For Chiara Company As Of December 31 Follows Cash Accounts Receivable Interest Receivable N 1 (64.62 KiB) Viewed 13 times

The adjusted trial balance for Chiara Company as of December 31 follows. 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 revenue Long-term notes payable Common stock Retained earnings Dividends Services revenue Interest revenue Depreciation expense-Automobiles Depreciation expense-Equipment Salaries expense Wages expense Interest expense Office supplies expense Advertising expense Repairs expense-Automobiles Totals Required A Debit $ 169,700 55,500 21,000 170,000 Required B 16,500 173,000 140,000 Required C 88,000 52,000 26,000 20,000 184,000 43,000 34,800 35,800 61,500 27,000 $ 1,317,800 Complete this question by entering your answers in the tabs below. Credit Prepare the income statement for the year ended December 31. CHIARA COMPANY $ 60,000 25,000 Required: Use the information in the adjusted trial balance to prepare (a) the income statement for th statement of retained earnings for the year ended December 31 [Note: Retained Earnings i $275,220.); and (c) the balance sheet as of December 31. 98,000 25,000 16,000 30,000 152,000 30,580 275,220 584,000 22,000 $ 1,317,800