Week 2 Discussion Questions E3-11 - E311(Prepare Financial...

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E3-11.  (Prepare Financial Statements)6The adjusted trial balance of Anderson Cooper Co. as of December 31, 2014, contains the following.ANDERSON COOPER CO.ADJUSTED TRIAL BALANCEDECEMBER 31, 2014Account TitlesDr.Cr.Cash$19,472Accounts Receivable6,920Prepaid Rent2,280Equipment18,050Accumulated Depreciation—Equipment $4,895Notes Payable 5,700Accounts Payable 5,472Common Stock 20,000Retained Earnings 11,310Dividends3,000Service Revenue 11,590Salaries and Wages Expense6,840Rent Expense2,260Depreciation Expense145Interest Expense83Interest Payable  $59,050$59,050Instructions(a)  Prepare an income statement.(b)  Prepare a statement of retained earnings.(c)  Prepare a classified balance sheet.         83

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