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Prepare an income statement of retained earnings for the year ended December 31, current year. Also prepare the companys balance sheet dated December 31, current year.

Assignment 2- Wored N PAGE LAYOUT REFERENCES MALINGS REVIEW VIEW AaBbCcDc AaBbCcD AaBbC AaBbCcD Normal 1 No Spac... Heading 1 Heading 2 ?x,x' A?A- 15- A-B-L Font Paragraph Styles Affordable Lewn Care, Ino., provides lawn-mowing services to both commercial and residential customers. The company performs adjusting entrics on a monthly basis, whereas closing entrics are prepared annually at December 31 An adjusted trial balance dated December 31, current year, follows Debits 9,600 16,000 recevable Unexpired insurance Prepaid rent 300.000 s 240.000 40.00024,000 Mowing equipment 3,000 100.000 1800 Notes paysble Saleries paysblo Interest payable Income taxes peyable 2.100 1800 ?.plal stoc 60.000 o.000 4.800 72.000 10.400 120.000 Office rent expense Selary expense .o00 6.000 3,000 Puel expense 6 o0o Assignment 2- Wored N PAGE LAYOUT REFERENCES MALINGS REVIEW VIEW AaBbCcDc AaBbCcD AaBbC AaBbCcD Normal 1 No Spac... Heading 1 Heading 2 ?x,x' A?A- 15- A-B-L Font Paragraph Styles Affordable Lewn Care, Ino., provides lawn-mowing services to both commercial and residential customers. The company performs adjusting entrics on a monthly basis, whereas closing entrics are prepared annually at December 31 An adjusted trial balance dated December 31, current year, follows Debits 9,600 16,000 recevable Unexpired insurance Prepaid rent 300.000 s 240.000 40.00024,000 Mowing equipment 3,000 100.000 1800 Notes paysble Saleries paysblo Interest payable Income taxes peyable 2.100 1800 ?.plal stoc 60.000 o.000 4.800 72.000 10.400 120.000 Office rent expense Selary expense .o00 6.000 3,000 Puel expense 6 o0o

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