E3-11 - Financial Statement Prep.xlsx - E3-11(Prepare...

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(Prepare Financial Statements)The adjusted trial balance of Anderson Cooper Co. as of December 31, 2017, contains the foANDERSON COOPER CO.E3-11.(LO 4)
Income StatementService Revenue11,590Salaries and Wages Expense6,840Rent Expense2,260ollowing.Depreciation Expense145Interest Expense839,328Net Income2,262Statement of Stockholders EquityCommon StockRETotal SEBeginning20,0001131031,310Net Income2,2622,262Dividends-3000-3,000200001057230572Balance SheetCash$19,472 Accounts Receivable6,920Prepaid Rent2,280Equipment18,050Accumulated Depreciation—Equipment-4895Total Assets$41,827 Notes Payable5,700Accounts Payable5,472Interest Payable83Total Liabilities11,255Common Stock20,000Retained Earnings10,572Total Stockholders Equity30,572Total Liabilities and Stockholders Equity$41,827

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