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Business, 18.01.2021 14:00 batmandillon21

The adjusted trial balance of Debit Company is shown below:   Debit Company Adjusted Trial Balance December 31, 2012

Cash $6,500
Accounts receivable 8,000
Supplies 1,000
Prepaid Rent (3 months) 2,500
Equipment, net 42,000
Accounts payable $4,000
Salary payable 2,000
Unearned revenue (2 month advance) 2,000
Note payable â long term 14,000
Common stock 10,000
Retained earnings 14,700
Dividends 4000
Service revenue 75,000
Salary expense 40,000
Rent expense 10,000
Supplies expense 1,500
Depreciation expense 5,000
Utilities expense 1200
Total $121.700 $121.700

Required:
Prepare Debit Company's statement of retained earnings for the year ended December 31, 2012.

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The adjusted trial balance of Debit Company is shown below:   Debit Company Adjusted Trial Balance...

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