Response to the following problem:
The adjusted trial balance of Ryan Financial Planners appears below. Using the information from the adjusted trial balance, you are to prepare for the month ending December 31:
1. an income statement.
2. a statement of retained earnings.
3. a balance sheet.
RYAN FINANCIAL PLANNERS Adjusted Trial Balance December 31, 2010
Cash Debit $4,400
Credit Accounts Receivable 2,200
Office Supplies 1,800
Office Equipment 15,000
Accumulated Depreciation"Office Equipment $ 4,000
Accounts Payable 3,800
Unearned Revenue 5,000
Common Stock 10,000
Retained Earnings 4,400
Dividends 2,500
Service Revenue 3,700
Office Supplies Expense 600
Depreciation Expense 2,500
Rent Expense 1,900 ______ $30,900 $30,900