Business, 30.05.2020 19:02 sabrinaedwards234

Turtle Company has prepared the following adjusted trial balance for the year ended December 31, 2019: Turtle Company ADJUSTED TRIAL BALANCE December 31, 2019 ACCOUNT TITLE DEBIT CREDIT 1 Cash 1,700.00 2 Accounts Receivable 2,100.00 3 Inventory 1,800.00 4 Equipment 5,400.00 5 Accumulated Depreciation 1,700.00 6 Accounts Payable 2,300.00 7 Salaries Payable 300.00 8 Income Taxes Payable 360.00 9 Common Stock (400 shares) 3,200.00 10 Retained Earnings 2,500.00 11 Dividends 200.00 12 Sales Revenue 7,900.00 13 Cost of Goods Sold 4,300.00 14 Selling Expenses 1,800.00 15 Administrative Expenses 600.00 16 Income Tax Expense 360.00 17 Totals 18,260.00 18,260.00 Required: For 2019, prepare in proper form: (1) an income statement, (2) a retained earnings statement, (3) an ending balance sheet, and (4) closing entries.

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Turtle Company has prepared the following adjusted trial balance for the year ended December 31, 201...