Business, 16.10.2019 00:30 jjjxxcsenone1034

Exercise 3-12santo design agency was founded by thomas grant in january 2008. presented below is the adjusted trial balance as of december 31, 2014.santo design agencyadjusted trial balancedecember 31, 2014debitcreditcash$11,000accounts receivable21,500supplies5,000prepai d insurance2,500equipment60,000accumu lated depreciation-equipment$35,000accoun ts payable5,000interest payable150notes payable5,000unearned service revenue5,600salaries and wages payable1,300common stock10,000retained earnings3,500service revenue61,500salaries and wages expense11,300insurance expense850interest expense500depreciation expense7,000supplies expenses3,400rent expense4,000totals$127,050$127,0501 /prepare an income statement for the year ending december 31, 2014.santo design agencyincome statementfor the year ended december 31, 20142/prepare a statement of retained earnings for the year ending december 31, 2014. (list items that increase retained earnings first.)santo design agencystatement of retained earningsfor the year ended december 31, 20143/prepare an unclassified balance sheet at december 31. (list assets in order of liquidity.)santo design agencybalance sheetdecember 31, 2014liabilities and stockholders' equity4/answer the following questions. (round interest rate to 0 decimal places, e. g. 7%) if the note has been outstanding 6 months, what is the annual interest rate on that note? (hint: assume interest payable is the outstanding for 6 months.)the annual interest rate$%(2) if the company paid $17,500 in salaries and wages in 2014, what was the balance in salaries and wages payable on december 31, 2013? the balance in salaries and wages payable$

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Exercise 3-12santo design agency was founded by thomas grant in january 2008. presented below is the...

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