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In: Accounting

Green Advertising Services Adjusted Trial Balance December 31, 2018 Balance Account Title Debit Credit Cash $14,000...

Green Advertising Services

Adjusted Trial Balance

December 31, 2018

Balance

Account Title

Debit

Credit

Cash

$14,000

Accounts Receivable

15,800

Office Supplies

6,500

Land

18,400

Building

47,900

Accumulated Depreciation—Building

$36,100

Furniture

19,600

Accumulated Depreciation—Furniture

14,100

Accounts Payable

10,600

Salaries Payable

7,200

Unearned Revenue

16,000

Common Stock

30,000

Retained Earnings

31,400

Dividends

18,300

Service Revenue

49,800

Salaries Expense

28,600

Supplies Expense

8,400

Depreciation Expense—Building

2,900

Depreciation Expense—Furniture

1,300

Advertising Expense

13,500

Total

$195,200

$195,200

Requirement 2. Prepare the statement of retained earnings for the year ending December 31,2018.

​(Use a minus sign or parentheses to show a net​ loss.)

Green Advertising Services

Statement of Retained Earnings

Year Ended December 31, 2018

Retained Earnings, January 1, 2018

Retained Earnings, December 31, 2018

Requirement 3. Prepare the classified balance sheet as of December31,2018.

Use the account form.

Begin by preparing the asset section of the balance sheet and then prepare the liabilities and​ stockholders' equity sections. ​(If a box is not used in the balance​ sheet, leave the box​ empty; do not select a label or enter a zero. Abbreviation​ used: Accum.​ = Accumulated.)

Green Advertising Services

Balance Sheet

December 31, 2018

Assets

Less:

Less:

Liabilities

Stockholders' Equity

Solutions

Expert Solution

ekkarill92 answered 1 year ago
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