Nash-s-Trading-Post-LLC-began-operations-on-January-1-2017-The-following-information-is-available

Nash’s Trading Post, LLC began operations on January 1, 2017. The following information is available for Nash’s Trading Post, LLC on December 31, 2017.

Accounts payable$ 6,000Notes payable$ 9,000
Accounts receivable3,000Rent expense11,000
Advertising expense4,100Retained earnings?
Cash4,100Service revenue27,000
Common stock16,000Supplies2,900
Dividends3,500Supplies expense1,600
Equipment27,800

Prepare an income statement for Nash’s Trading Post, LLC.

Nash’s Trading Post, LLC
Income Statement

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Prepare a retained earnings statement for Nash’s Trading Post, LLC. (List items that increase retained earnings first.)

Nash’s Trading Post, LLC
Retained Earnings Statement

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Prepare a balance sheet for Nash’s Trading Post, LLC. (List assets in order of liquidity.)

Nash’s Trading Post, LLC
Balance Sheet

Assets

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$

Liabilities and Stockholders’ Equity

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$

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