The adjusted trial balance for Turnquist Company is provided.

InstructionsPrepare the income and owner?s equity statements for the year and the balance sheet at August 31.

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Turnquist Company Adjusted Trial Balance August 31, 2022 Debit Credit Cash $10,400 Accounts Receivable 11,000 Supplies 900 2,500 Prepaid Insurance Equipment 14,000 $ 4,500 Accumulated Depreciation-Equipment Accounts Payable 5,800 Salaries and Wages Payable Owner's Capital 1,100 15,600 Service Revenue 33,700 Supplies Expense Depreciation Expense Insurance Expense 1,400 900 1,500 Salaries and Wages Expense 18,100 $60,700 $60,700