Use the Data Below from the Adjusted Trial Balance for Miller's

question 11

Essay

Use the data below from the adjusted trial balance for Miller's Express Cleaning to prepare an income statement, statement of retained earnings, and a statement of change in financial position for the year ended December 31, 2013.
2,026 Cash
7,530 Accounts Payable
4,000 Retained Earnings Jan 1
153 Utilities Expense
1,200 Advertising Expense
15,290 Equipment (Net) Includes 5,000 in Amortization
13,835 Service Revenue
2,000 Common Shares
1,750 Dividends
1,216 Prepaid Insurance
4,080 Accounts Receivable
1,650 Wages Expense

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Definitions:

Phloem

The vascular tissue in plants responsible for the transport of nutrients, particularly sugar, throughout the plant.

Bark

External part of a tree, containing cork, cork cambium, and phloem.

Casparian Strip

A band of cell wall material found in plant roots that helps control the movement of water and nutrients between the soil and the vascular system.

Suberin

A waxy hydrophobic substance found in the cell walls of plants, acting as a barrier to water and solute movement.