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The adjusted trial balance of Rayan Financial Planners appears below. Using the information from the adjusted...

The adjusted trial balance of Rayan Financial Planners appears below. Using the information from the adjusted trial balance, you are to prepare for the month ending December 31:

         1.      an income statement.

         2.      a retained earnings statement.

         3.      a statement of financial position.

RAYAN FINANCIAL PLANNERS

Adjusted Trial Balance

December 31, 2016

                                                                                                                    Debit                  Credit

Cash ..................................................................................................      € 4,400

Accounts Receivable.........................................................................          2,200

Office Supplies..................................................................................          1,800

Office Equipment..............................................................................        15,000

Accumulated Depreciation—Office Equipment...............................                                 € 4,000

Accounts Payable..............................................................................                                     3,800

Unearned Revenue.............................................................................                                     5,000

Share Capital–Ordinary.....................................................................                                   10,000

Retained Earnings..............................................................................                                     4,400

Dividends .........................................................................................          2,500

Service Revenue................................................................................                                     3,700

Office Supplies Expense....................................................................             600

Depreciation Expense........................................................................          2,500

Rent Expense.....................................................................................          1,900               ______

                                                                                                                 €30,900              €30,900

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ekkarill92 answered 1 year ago
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