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Question: e038 the trial balance is shown below are before and...

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E0-38 The trial balance is shown below are before and after adjustment for Ryan Company at the end of its fiscal year. Instructions: Using the form on the following page, prepare an income statement, statement of retained earnings, and a classified balance sheet.

LO 7-Prepare Financial Statements E0-38 The trial balances shown below are before and after adjustment for Ryan Company at the end of its fiscal year. RYAN COMPANY Trial Balance August 31, 2017 Before Adjustment After Adjustment Dr. Cr. Dr. Cr. $10,900 9,400 500 2,500 16,000 $10,900 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Unearned Rent Revenue Common Stock Retained Earnings Dividends Service Revenue Rent Revenue Salaries and Wages Expense Supplies Expense Rent Expense Insurance Expense Depreciation Expense 8,800 2,500 4,000 16,000 $ 3,600 5,800 0 1,800 10,000 5,500 $ 4,800 5,800 1,100 800 10,000 5,500 2,800 2,800 34,000 34,600 12,100 13,100 17,000 18,100 2,000 10,800 1,500 10,800 $72,800 $72,800 $75.700 $75,700 Instructions: Using the form on the following page, prepare an income statement, statement of retained earnings and a classified balance sheet.
Ryan Campany Revenues: Retained Earnings, Sept. 1,2016
ASSETS Current Assets LIABILITIES AND STOCKHOLDERS Current Liabilities:
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