Financial statements from an end-of-period spreadsheet. Based on the data in Exercise 4-25, prepare an income statement, statement of owner’s equity, and balance sheet for Alert Security Services Co.

Exercise 4-25

Alert Security Services Co. offers security services to business clients. Complete the following end-of-period spreadsheet for Alert Security Services Co.:

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Alert Security Services Co. End-of-Period Spreadsheet For the Year Ended October 31, 20Y7 Adjusted Trial Balance Income Statement Balance Sheet Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash 12 Accounts Receivable 103 Supplies Prepaid Insurance 2 Land 190 Equipment Accumulated Depreciation Accounts Payable Wages Payable Brenda Schultz, Capital Brenda Schultz, Drawing 50 36 1 260 8. Fees Earned 213 Wages Expense Rent Expense Insurance Expense Utilities Expense Supplies Expense 111 12 10 6 4 Depreciation Expense Miscellaneous Expense 2 517 517