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RICHARD COOPER CO. ADJUSTED TRIAL BALANCE DECEMBER 31, 2020 Debit Credit Cash $19,902 . Accounts...

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Accounting

RICHARD COOPER CO. ADJUSTED TRIAL BALANCE DECEMBER 31, 2020 Debit Credit Cash $19,902 . Accounts Receivable- Prepaid Rent Equipment 7,350 2.710 18,480 Accumulated Depreciation-Equipment $5,325 Notes Payable 6,130 Accounts Payable 5,902 Common Stock 20,430 Retained Earnings 11,740 Dividends 3,430 Service Revenue 12.020 Salaries and Wages Expense 7,270 Rent Expense 2.226 Depreciation Expense 199 Interest Expense 117 117 Interest Payable $61,664 $61.664 Prepare an income statement. (Enter loss using either a negative sign preceding the number eg.-45 or parentheses eg. (45)) RICHARD COOPER CO. Income Statement For the Year Ended December 31, 2020 Revenues Service Revenue Expenses Salaries and Wages Expense Rent Expense Depreciation Expense Interest Expense Total Expenses Net Income/(Loss) 7270 2226 179 117 12020 9792 2228 Prepare a statement of retained earnings. (List items that increase retained earnings first.) RICHARD COOPER CO. Statement of Retained Earnings LA +A Prepare a classified balance sheet. (List current assets in order of liquidity.) RICHARD COOPER CO. Balance Sheet Assets Liabilities and Stockholders' Equity Liabilities and Stockholders' Equity

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