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Version 4 ACCOUNTING G101 - Financial Accounting Financial Statements Using the information presented below, prepare in proper format for the year ending December 31, 2020: 1. an income statement 2. a statement of retained earnings 3. a balance sheet Whitney Corp. Adjusted Trial Balance December 31, 2020 Account Title Debit Credit 18,400 15,500 21,200 53,000 Cash Accounts Receivable Inventory Machine Accumulated Depreciation Notes Payable Accounts Payable Common Stock Retained Earnings Dividends Sales Revenue Salaries Expense Insurance Expense Utilities Expense Depreciation Expense Total 4,000 29,000 3,900 40,000 17,800 5,600 45,200 17,300 5,000 2,400 1,500 139.900 139.900 TTTTTTTTTTTTTTTTT | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | TiffffffffFIi | | | | | | | | | | | | | | | | | | | - | | | | | | | | | | | | | | | || -- | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||| | +- +-+-Fi+--+-+-3-4 lllllllllllllllll | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | --------- | | | ------- | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 1 of 2 - | | | | | | | | | | | | | | | | | Use the tables provided to prepare the financial statements. The tables are formatted in red font. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | || | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | .L.I.LJ. I-JILL J. J.J.I.L.LJ. TT Version 4 - ---- --- - - --- - + -- -- -- * - -- -- * - - -- - - - - - -- -- 1- * - -- | | | --- |-- ---- -- | | | Financial Statements ACCOUNTING G101 - Financial Accounting | | | | | | | | | | - . L . I . 1 - 1 . 1.-1. L. 1 . 1 . 1 .. L . L1 - 1 - 1 - 1 - L I- 1 - 1 - 1 - 1 . .. 1 . 1 . L . LJ - .J
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