P3-66A. (Learning Objectives 4: Preparing the financial statements) The adjusted trial balance of Seinfield Corporation at September 30, 20X6, follows.

Requirements 1. Prepare Seinfield Corporation’s 20X6 Income Statement, statement of changes in equity, and Balance Sheet. List expenses (except for income tax) in decreasing order on the Income Statement and show total liabilities on the Balance Sheet. Draw arrows linking the three financial statements.

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A1 = Seinfield Corporation Adjusted Trial Balance 1 2 Account 3 Cash 4 Accounts receivable 5 Supplies 6 Prepaid rent 7 Equipment 9 Accounts payable 8 Accumulated depreciation 10 Interest payable 11 Unearned service revenue 12 Income tax payable 13 Note payable 14 Share capital 15 Retained earnings 16 Dividends 17 Service revenue September 30, 20X6 Debit Credit $ 2,200 9,500 2,600 1,300 38,800 $ 4,400 3,500 300 900 2,000 19,800 4,000 5,200 20,000 102,600 1,800 39,800 10,400 3,400 3,500 18 Depreciation expense 19 Salary expense 20 Rent expense 21 Interest expense 22 Insurance expense 23 Supplies expense 24 Income tax expense 25 Total 26 2,900 6,500 $142,700 $142,700