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The adjusted trial balance of Jacks Financial Planners appears below and using the information from the adjusted trial balance, you are to prepare for the month ending December 31:
1. an income statement
2. retained earnings statement
3. balance sheet
Jacks Financial Planners Adjusted Trial Balance 31-Dec-07
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| Cash | $ 17,400 |
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| Accounts Receivable | 2,200 |
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| Office Supplies | 1,800 |
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| Office Equipment | 15,000 |
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| Accumulated Depreciation - Office Equipment |
| $ 4,000 | ||
| Accounts Payable |
| 4,000 | ||
| Unearned Service Revenue |
| 5,000 | ||
| Common Stock |
| 17,000 | ||
| Retained Earnings |
| 7,400 | ||
| Dividends | 2,500 |
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| Service Revenue |
| 6,500 | ||
| Office Supplies Expense | 600 |
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| Depreciation Expense | 2,500 |
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| Rent Expense | 1,900 |
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| $ 43,900 | $ 43,900 |
