The adjusted trial balance of Ryan Financial Planners appears below. RYAN FINANCIAL PLANNERS Adjusted Trial Balance December 31, 2022 Debit Credit Cash € 5,200 Accounts Receivable 2,200 Supplies 1,800 Equipment 15,000 Accumulated Depreciation—Equipment € 4,000 Accounts Payable 3,800 Unearned Service Revenue 5,000 Share Capital–Ordinary 10,000 Retained Earnings 4,400 Dividends 2,500 Service Revenue 4,500 Supplies Expense 600 Depreciation Expense 2,500 Rent Expense 1,900 €31,700 €31,700 Using the information from the adjusted trial balance, you are to prepare for the month ending December 31: RYAN FINANCIAL PLANNERS Income Statement choose the accounting period select an opening name for section one enter an income statement item € enter an euro amount select an opening name for section two enter an income statement item € enter an euro amount enter an income statement item enter an euro amount enter an income statement item enter an euro amount select a closing name for section two enter a total amount for section two select a closing name for this statement € enter a total net income or loss amount

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter3: Basic Accounting Systems: Accrual Basis

Section: Chapter Questions

Problem 3.6.1P: Adjustment process and financial statements Adjustment data for Ms. Ellen’s Laundry Inc. for the...

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Question

The adjusted trial balance of Ryan Financial Planners appears below.

RYAN FINANCIAL PLANNERS Adjusted Trial Balance December 31, 2022
	Debit		Credit
Cash		€ 5,200
Accounts Receivable		2,200
Supplies		1,800
Equipment		15,000
Accumulated Depreciation—Equipment				€ 4,000
Accounts Payable				3,800
Unearned Service Revenue				5,000
Share Capital–Ordinary				10,000
Retained Earnings				4,400
Dividends		2,500
Service Revenue				4,500
Supplies Expense		600
Depreciation Expense		2,500
Rent Expense		1,900
		€31,700		€31,700

Using the information from the adjusted trial balance, you are to prepare for the month ending December 31:

RYAN FINANCIAL PLANNERS Income Statement choose the accounting period

select an opening name for section one
enter an income statement item		€ enter an euro amount
select an opening name for section two
enter an income statement item	€ enter an euro amount
enter an income statement item	enter an euro amount
enter an income statement item	enter an euro amount
select a closing name for section two		enter a total amount for section two
select a closing name for this statement		€ enter a total net income or loss amount