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  3. exercise 316a prepare financial statements from an adjusted trial balance...

Question: exercise 316a prepare financial statements from an adjusted trial balance...

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Exercise 3-16A Prepare financial statements from an adjusted trial balance (LO3-5) [The following information applies to the questions displayed below. The December 31, 2021, adjusted trial balance for Fightin Blue Hens Corporation is presented below. Accounts credit Debit $ 11,100 141,000 Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense 5,100 25,500 310,000 $126,000 11,100 10,100 4,100 31,000 210,000 51,000 410,000 310,000 15,500 31,000 4.100 Depreciation Expense Interest Expense Totals $853,300 $853,300
Required: 1. Prepare an income statement for the year ended December 31, 2021. FIGHTIN BLUE HENS CORPORATION Income Statement For the Year Ended December 31, 2021 Expenses: Total expenses
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