Exercise 3-11 The adjusted trial balance of Thomas Cooper Co. as of December 31, 2020,...
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Exercise 3-11 The adjusted trial balance of Thomas Cooper Co. as of December 31, 2020, contains the following. Credit THOMAS COOPER CO. ADJUSTED TRIAL BALANCE DECEMBER 31, 2020 Debit Cash $20,067 Accounts Receivable 7,515 Prepaid Rent 2,875 Equipment 18,645 Accumulated Depreciation-Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Dividends 3,595 Service Revenue Salaries and Wages Expense 7,435 Rent Expense 2,214 Depreciation Expense 191 Interest Expense 129 Interest Payable $62,666 $5,490 6,295 6,067 20,595 11,905 12,185 129 $62,666 Prepare an income statement. (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) THOMAS COOPER CO. Income Statement $ Prepare a statement of retained earnings. (List items that increase retained earnings fi. THOMAS COOPER CO. Statement of Retained Earnings SHOW LIST OF ACCOUNTS Prepare a statement of retained earnings. (List items that increase retained earnings fi. THOMAS COOPER CO. Statement of Retained Earnings SHOW LIST OF ACCOUNTS Prepare a classified balance sheet. (List current assets in order of liquidity.) THOMAS COOPER CO. Balance Sheet Assets Liabilities and Stockholders' Equity
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