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Debit Credit Cash $157,100 accounts receivable 52,000    interest receivable 21,400 notes receivable (due in 90 days) 171,500 office supplies 16,000 automobiles 173,000 accumulated depreciation-automobile $85,000 equipment 138,000 accumulated depreciation-equipment 25,000 land 85,000 accounts payable 96,000 interest payable 40,000 salaries payable 17,000 unearned...

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Question

Finance

Debit Credit

Cash$157,100
accounts receivable52,000  
interest receivable21,400
notes receivable (due in 90 days)171,500
office supplies16,000
automobiles173,000
accumulated depreciation-automobile$85,000
equipment138,000
accumulated depreciation-equipment25,000
land85,000
accounts payable96,000
interest payable40,000
salaries payable17,000
unearned fees30,000
long term notes payable154,000
common stock25,580
retained earnings230,220
dividends45,000
fees earned554,000
interest earned36,000
interest earned27,000
depreciation expense-automobiles18,500
depreciation expense-equipment183,000
salaries expense45,000
wages expense34,000
interest expense35,600
office supplies expense64,500
advertising expense26,200
repairs expense-automobiles
totals   $1,292,800$1,292,800

Requried

1 A_ prepare the income statement for the year ended December31,2017?

2.B- prepare the statement of retained earnings for the yearended December 31,2017?

3. C- prepare Chiara company's balance sheet as of December31,2017?

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