Rae Services, Inc. Adjusted Trial Balance December 31, 20x2 Cash Accounts receivable Supplies 174,500 142,500...
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Rae Services, Inc. Adjusted Trial Balance December 31, 20x2 Cash Accounts receivable Supplies 174,500 142,500 4,600 Prepaid insurance 2,500 Equipment 87,600 Accumulated depreciation Equipment 3,700 Accounts payable 68,500 Common stock 255,000 Retained earnings 115,000 Dividends 71,000 Service revenue 228,588 Advertising expense 2,600 Depreciation expense Equipment 3,700 Insurance expense 1,000 Rent expense 10,000 Salaries expense 166,000 Supplies expense Utilities expense 1,475 3,313 670,788 670,788 a) Prepare an Income Statement b) Prepare a Statement of Retained Earnings Rae Services, Inc. Statement of Retained Earnings December 31, 20x2 c) Prepare a Balance Sheet Rae Services, Inc. Balance Sheet December 31, 20x2
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