Problem 1: I will be giving you a list of accounts. Prepare an Income Statement, Statement of Retained Earnings and Balance Sheet in good format,...

Problem 1: I will be giving you a list of accounts. Prepare an Income Statement, Statement of Retained Earnings

and Balance Sheet in good format, labeling the headings and the accounts. For this problem, we won't use numbers but

each account should be included in the correct financial statement.

Jack's Deep Sea Fishing Adventures, Inc.

December 31, 2015

Dividends

Cash

Accumulated Depreciation - Boats

Supplies Expense

Wages Payable

Unearned Revenue

Preferred Stock

Net Income, for the year ended December 31, 2015

Boats

Bad Debt Expense

Inventory

Accounts Payable