E3.11 (L04) (Prepare Financial Statements) The adjusted trial balance of Anderson Cooper Co.
as of December 31, 2020, contains the following
Cc.
Anderson Cooper Co.
Adjusted Trial Balance
December 31, 2020
Dr.
Cash
$19,472
Accounts Receivable
6,920
Prepaid Rent
2.280
Equipment
18,050
Accumulated Depreciation ---Equipment
Notes Payable
Accounts Payable
Common Stock
Retained Earnings
Dividends
3,000
Service Revenue
Salaries and Wages Expense
6,840
Rent Expense
2,260
Depreciation Expense
145
Interest Expense
83
Interest Payable
$59,050
$ 4,895
5,700
5,472
20,000
11,310
11,590
83
$59,050
Instructions
a. Prepare an income statement.
b. Prepare a retained earnings statement
c. Prepare a classified balance sheet.
na Pinancial Statements
Santa Teclan was founded by Thomas Grant in
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