Debit Credit
| Cash | $157,100 | |
| accounts receivable | 52,000 | Â Â |
| interest receivable | 21,400 | |
| notes receivable (due in 90 days) | 171,500 | |
| office supplies | 16,000 | |
| automobiles | 173,000 | |
| accumulated depreciation-automobile | | $85,000 |
| equipment | 138,000 | |
| accumulated depreciation-equipment | | 25,000 |
| land | 85,000 | |
| accounts payable | | 96,000 |
| interest payable | | 40,000 |
| salaries payable | | 17,000 |
| unearned fees | | 30,000 |
| long term notes payable | | 154,000 |
| common stock | | 25,580 |
| retained earnings | | 230,220 |
| dividends | 45,000 | |
| fees earned | | 554,000 |
| interest earned | | 36,000 |
| interest earned | 27,000 | |
| depreciation expense-automobiles | 18,500 | |
| depreciation expense-equipment | 183,000 | |
| salaries expense | 45,000 | |
| wages expense | 34,000 | |
| interest expense | 35,600 | |
| office supplies expense | 64,500 | |
| advertising expense | 26,200 | |
| repairs expense-automobiles | | |
| totals   | $1,292,800 | $1,292,800 |
Requried
1 A_ prepare the income statement for the year ended December31,2017?
2.B- prepare the statement of retained earnings for the yearended December 31,2017?
3. C- prepare Chiara company's balance sheet as of December31,2017?
