223. Using the information given below, prepare an income statement and statementof retained earnings for RapidCar Services, Inc. from the adjusted trial balance. The stockholders did not make any additional investments in the company during the year. RapidCarServices, Inc. Adjusted Trial Balance For the year ended December 31 Cash ……………………………………………. $33,000 Accounts receivable ……………………………. 14,200 Office supplies …………………………………. 1,700 Vehicles……………………………………….. 100,000 Accumulated depreciation – Vehicles………… 45,000 Accounts payable ……………………………… 11,500 Common stock Retained earnings 1,000 70,900 Dividends …………………... 40,000 Fees earned …………………………………….. 155,000 Rent expense …………………………………... 13,000 Office supplies expense ………………………... 2,000 Utilities expense ……………………………….. 2,500 Depreciation Expense – Vehicles...…………….. 15,000 Salary expense …………………………………. 50,000 Fuel expense …………………………………… 12,000 $283,400 ________ $283,400 Totals …………………………………………… 224. Using the information given below, prepare a balance sheet for RapidCar Services, Inc. from the adjusted trial balance. The stockholders did not make any additional investments in the company during the year. Rapid Car Services, Inc. Adjusted Trial Balance For the year ended December 31 Cash ……………………………………………. $33,000 Accounts receivable ……………………………. 14,200 Office supplies …………………………………. 1,700 Vehicles……………………………………….. 100,000 Accumulated depreciation – Vehicles………… 45,000 Accounts payable ……………………………… 11,500 Common stock Retained earnings 1,000 70,900 Dividends …………………... 40,000 Fees earned …………………………………….. 155,000 Rent expense …………………………………... 13,000 Office supplies expense ………………………... 2,000 Utilities expense ……………………………….. 2,500 Depreciation Expense – Vehicles...…………….. 15,000 Salary expense …………………………………. 50,000 Fuel expense …………………………………… 12,000 $283,400 ________ $283,400 Totals ……………………………………………

223. Using the information given below, prepare an income statement and statementof retained earnings for RapidCar Services, Inc. from the adjusted trial balance. The stockholders did not make any...

223. Using the information given below, prepare an income statement and statementof retained earnings for RapidCar Services, Inc. from the adjusted trial balance. The stockholders did not make any additional investments in the company during the year.

RapidCarServices, Inc. Adjusted Trial Balance For the year ended December 31
Cash …………………………………………….	$33,000
Accounts receivable …………………………….	14,200
Office supplies ………………………………….	1,700
Vehicles………………………………………..	100,000
Accumulated depreciation – Vehicles…………		45,000
Accounts payable ………………………………		11,500
Common stock Retained earnings		1,000 70,900
Dividends …………………...	40,000
Fees earned ……………………………………..		155,000
Rent expense …………………………………...	13,000
Office supplies expense ………………………...	2,000
Utilities expense ………………………………..	2,500
Depreciation Expense – Vehicles...……………..	15,000
Salary expense ………………………………….	50,000
Fuel expense ……………………………………	12,000 $283,400	________ $283,400
Totals ……………………………………………

224. Using the information given below, prepare a balance sheet for RapidCar Services, Inc. from the adjusted trial balance. The stockholders did not make any additional investments in the company during the year.

Rapid Car Services, Inc. Adjusted Trial Balance For the year ended December 31
Cash …………………………………………….	$33,000
Accounts receivable …………………………….	14,200
Office supplies ………………………………….	1,700
Vehicles………………………………………..	100,000
Accumulated depreciation – Vehicles…………		45,000
Accounts payable ………………………………		11,500
Common stock Retained earnings		1,000 70,900
Dividends …………………...	40,000
Fees earned ……………………………………..		155,000
Rent expense …………………………………...	13,000
Office supplies expense ………………………...	2,000
Utilities expense ………………………………..	2,500
Depreciation Expense – Vehicles...……………..	15,000
Salary expense ………………………………….	50,000
Fuel expense ……………………………………	12,000 $283,400	________ $283,400
Totals ……………………………………………

May 15, 2022

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223. Using the information given below, prepare an income statement and statementof retained earnings for RapidCar Services, Inc. from the adjusted trial balance. The stockholders did not make any...

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