Financial statements

The adjusted trial balance for Callahay Company as of December 31, 2011, follows.

	Debit		Credit
Cash	$	160,600
Accounts receivable		51,000
Interest receivable		22,200
Notes receivable (due in 90 days)		169,000
Office supplies		17,000
Automobiles		167,000
Accumulated depreciation—Automobiles			$	55,000
Equipment		142,000
Accumulated depreciation—Equipment				18,000
Land		84,000
Accounts payable				102,000
Interest payable				45,000
Salaries payable				24,000
Unearned fees				46,000
Long-term notes payable				154,000
Common stock				22,000
Retained earnings				283,800
Dividends		48,000
Fees earned				514,000
Interest earned				26,000
Depreciation expense—Automobiles		27,000
Depreciation expense—Equipment		20,500
Salaries expense		185,000
Wages expense		40,000
Interest expense		33,400
Office supplies expense		34,600
Advertising expense		63,500
Repairs expense—Automobiles		25,000

Totals	$	1,289,800	$	1,289,800
Pepare Income statement, statement of Retained earnings and Balance sheet.

Financial statements

NOT RATED

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