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The adjusted trial balance of Edward Cooper Co. as of December 31, 2020, contains the following. EDWARD COOPER CO. ADJUSTED TRIAL BALANCE DECEMBER 31, 2020     Debit   Credit Cash   $20,562         Accounts Receivable   8,010         Prepaid Rent   3,370         Equipment   19,140         Accumulated Depreciation-Equipment         $5,985   Notes Payable         6,790   Accounts Payable         6,562   Common Stock         21,090   Retained Earnings         12,400   Dividends   4,090         Service Revenue         12,680   Salaries and Wages Expense   7,930         Rent Expense   2,178         Depreciation Expense   227         Interest Expense   165         Interest Payable         165       $65,672     $65,672 Prepare an income statement Prepare a statement of retained earnings. Prepare a classified balance sheet.

The adjusted trial balance of Edward Cooper Co. as of December 31, 2020, contains the following. EDWARD COOPER CO. ADJUSTED TRIAL BALANCE DECEMBER 31, 2020     Debit   Credit Cash   $20,562         Accounts Receivable   8,010         Prepaid Rent   3,370         Equipment   19,140         Accumulated Depreciation-Equipment         $5,985   Notes Payable         6,790   Accounts Payable         6,562   Common Stock         21,090   Retained Earnings         12,400   Dividends   4,090         Service Revenue         12,680   Salaries and Wages Expense   7,930         Rent Expense   2,178         Depreciation Expense   227         Interest Expense   165         Interest Payable         165       $65,672     $65,672 Prepare an income statement Prepare a statement of retained earnings. Prepare a classified balance sheet.

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter6: Cash And Receivables
Section: Chapter Questions
Problem 12E: Inferring Accounts Receivable Amounts At the end of 2019, Karras Inc. had a debit balance of 141,120...
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The adjusted trial balance of Edward Cooper Co. as of December 31, 2020, contains the following.

EDWARD COOPER CO.
ADJUSTED TRIAL BALANCE
DECEMBER 31, 2020
   
Debit
  
Credit
Cash
   $20,562        
Accounts Receivable
   8,010        
Prepaid Rent
   3,370        
Equipment
   19,140        
Accumulated Depreciation-Equipment
         $5,985  
Notes Payable
         6,790  
Accounts Payable
         6,562  
Common Stock
         21,090  
Retained Earnings
         12,400  
Dividends
   4,090        
Service Revenue
         12,680  
Salaries and Wages Expense
   7,930        
Rent Expense
   2,178        
Depreciation Expense
   227        
Interest Expense
   165        
Interest Payable
         165  
   
$65,672
    
$65,672

Prepare an income statement

Prepare a statement of retained earnings.

Prepare a classified balance sheet.

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