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Ex 3-4a Betty & Lu Airplanes Adjusted Trial Balance 12/31/2019 Accounts Debit Credit Accounts Receivable $ 40,000 Buildings 279,000 Cash 14,000 Depreciation Expense 21,000 Equipment 208,000 Insurance Expense 6,000 Land 45,000 Payroll Expense 32,000 Prepaid Rent 4,500 Rent Expense 22,000 Supplies 1,100 Accounts Payable $ Accumulated Depreciation Buildings Accumulated depreciation Equipment Common Stock Retained Earnings Service Revenue Unearned Service Revenue $ 672,600 $ 7,000 35,000 22,000 200,000 21,600 345,000 42,000 672,600 Prepare all the financial statement below using the adjusted trial above for the year 12/31/2019 a. Income Statement b. Statement of Retained Earnings C. Balance Sheet d. Closing entries
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