Prepare 3 financial statements in proper format

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Reference no: EM133373248

Question: At the end of the 2022 year, the accounting staff at Portable Documenting Files Inc. (PDFI) have prepared the following Adjusted trial balance as at December 31, 2022.

PDF Inc. Adjusted Trial Balance As of December 31, 2021
Account	Debit	Credit
Cash	7,200
Accounts Receivable	113,000
Supplies	2,000
Other Current Assets	42,600
Equipment	158,000
Accumulated Depreciation Equipment		21,000
Accounts Payable		37,920
Wages Payable		24,180
Unearned Service Revenue		76,000
Long Term Liabilities (Note Payable)		94,980
Contributed Capital Common Shares		27,000
Retained Earnings December 1, 2021		36,520
Dividends Declared	26,200
Sales Revenue		270,000
Wage Expense	39,600
Depreciation Expense	12,000
Selling Expense	184,200
Supplies Expense	2,800
Totals	587,600	587,600

Required: From the above Adjusted Trial Balance, prepare 3 Financial Statements in proper format on the following pages.

A. statement of earnings for PDFI for the year ended December 31, 2022.

B. statement of retained earnings for PDFI at December 31, 2022.

C. a statement of financial position for PDFI as at December 31, 2022

Reference no: EM133373248

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