GREEN LAWNS, INC. Adjusted Trial Balance December 31, Current Year Cash Accounts receivable Supplies Equipment Accumulated depreciation: equipment Accounts payable Income taxes payable Capital stock Retained earnings Dividends Lawn care revenue earned Salary expense Supply expense Advertising expense Depreciation expense: equipment Income taxes expense $ 218,640 10,800 720 28,800 4,800 124,800 2,880 720 2,400 27,840 $ 422,400 $ 12,000 3,600 8,400 60,000 108,000 230,400 $ 422,400 Prepare an income statement and statement of retained earnings for the year ended December 31, 2023. Also prepare the company's statement of financial position dated December

Survey of Accounting (Accounting I)
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Chapter7: Fixed Assets, Natural Resources, And Intangible Assets
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GREEN LAWNS, INC.
Adjusted Trial Balance
December 31, Current Year
Cash
Accounts receivable
Supplies
Equipment
Accumulated depreciation: equipment
Accounts payable
Income taxes payable
Capital stock
Retained earnings
Dividends
Lawn care revenue earned
Salary expense
Supply expense
Advertising expense
Depreciation expense: equipment
Income taxes expense
$ 218,640
10,800
720
28,800
4,800
124,800
2,880
720
2,400
27,840
$ 422,400
$ 12,000
3,600
8,400
60,000
108,000
230,400
$ 422,400
Prepare an income statement and statement of retained earnings for the year
ended December 31,
2023. Also prepare the company's statement of financial position dated
December
Transcribed Image Text:GREEN LAWNS, INC. Adjusted Trial Balance December 31, Current Year Cash Accounts receivable Supplies Equipment Accumulated depreciation: equipment Accounts payable Income taxes payable Capital stock Retained earnings Dividends Lawn care revenue earned Salary expense Supply expense Advertising expense Depreciation expense: equipment Income taxes expense $ 218,640 10,800 720 28,800 4,800 124,800 2,880 720 2,400 27,840 $ 422,400 $ 12,000 3,600 8,400 60,000 108,000 230,400 $ 422,400 Prepare an income statement and statement of retained earnings for the year ended December 31, 2023. Also prepare the company's statement of financial position dated December
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