I need to help understanding how to put together an income statement, retained earnings statement...
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I need to help understanding how to put together an income statement, retained earnings statement and the balance sheet based off of Jones Company Adjusted Trial Balance
Jones Company Adjusted Trial Balance December 31, 2018 122,000 30,000 4,000 24,000 110,000 15,000 75,000 Cash Accounts Receivable Supplies Prepaid Insurance Inventory Vehicle Equipment Accumulated Depreciation Accounts Payable Unearned Revenue Wages Payable Long-Term Notes Payable Common Stock Retained Earnings (1/1/2018) Dividends Service Revenue Repair Expense Delivery Expense Depreciation Expense Rent Expense Insurance Expense Wages Expense Supplies Expense Interest Expense Income Tax Expense Total 50,000 8,000 9,000 7,000 45,000 46,000 67,600 5,000 503,900 10,000 45,000 15,000 54,000 22,000 152,000 14,500 4,000 35,000 736,500 736,500 (Company Name) Income Statement (Date) (Company Name) Statement of Retained Earnings (Date) (Be sure to include all the necessary subtotals and totals as outlined in Chapter 2 for a Classified Balance Sheet. You may not need to use all the lines provided. Note: The two columns below do not represent debit and credit balances like they do on a trial balance. On the Balance Sheet, use the right column for subtotals and totals.) (Company Name) Balance Sheet (Date)
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