2. (Prepare Financial Statements) The adjusted trial balance of Decimal Co. as of December 31, 2017, contains the following. Instructions Account Titles Cash Accounts Receivable Prepaid Rent Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Dividends DECIMAL CO. ADJUSTED TRIAL BALANCE DECEMBER 31, 2017 Service Revenue Salaries and Wages Expense Rent Expense Depreciation Expense Interest Expense Interest Payable (a) Prepare an income statement. (b) Prepare a statement of retained earnings. (c) Prepare a classified balance sheet. Dr. $6,590 15,618 1,200 31,800 6,000 15,600 7,800 392 211 $85,211 Cr. $9,680 12,500 11,601 20,000 3,619 27,600 211 $85,211

2. (Prepare Financial Statements) The adjusted trial balance of Decimal Co. as of December 31, 2017, contains the following. Instructions Account Titles Cash Accounts Receivable Prepaid Rent Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Dividends DECIMAL CO. ADJUSTED TRIAL BALANCE DECEMBER 31, 2017 Service Revenue Salaries and Wages Expense Rent Expense Depreciation Expense Interest Expense Interest Payable (a) Prepare an income statement. (b) Prepare a statement of retained earnings. (c) Prepare a classified balance sheet. Dr. $6,590 15,618 1,200 31,800 6,000 15,600 7,800 392 211 $85,211 Cr. $9,680 12,500 11,601 20,000 3,619 27,600 211 $85,211

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Description: Please help me to solve this question Accounting2. (Prepare Financial Statements) The adjusted trial balance of Decimal Co. as of December31, 2017, contains the following.InstructionsAccount TitlesCashAccounts ReceivablePrepaid RentEquipmentAccumulat

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter6: Accounting For Merchandising Businesses

Section: Chapter Questions

Problem 5PA: The following selected accounts and their current balances appear in the ledger of Clairemont Co....

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