1) From the ledger accounts provided, prepare a Trial Balance 2) From the Trial Balance, prepare the Financial Statements 3) Answer the two questions down below: Use the book for GENERAL LEDGER examples. Cavity Dentistry TRIAL BALANCE Cavity Dentistry INCOME STATEMENT SUPPLIES \begin{tabular}{|c|r|r|r|r|} \hline Date & Explanation & Debit & Credit & Balance \\ \hline 6/13 & & 250 & & 250 \\ \hline & & & & \\ \hline \end{tabular} Cavity Dentistry INCOME STATEMENT \begin{tabular}{|c|c|c|c|r|} \hline \multicolumn{5}{|l|}{ PREPAI INSURANCE } \\ \hline Date & Explanation & Debit & Credit & Balance \\ \hline 6/5 & & 2,400 & & 2,400 \\ \hline 6/30 & & & 200 & 2,200 \\ \hline & & & & \\ \hline \end{tabular} EXPENSES EQUIPMENT NET INCOME (Loss) Cavity Dentistry SMITH, CAPITAL STATEMENT OF OWNERS EQUTTY \begin{tabular}{|l|l|l|l|l|l|l|} \hline Date & Explanation & Debit & Credt & Ealance \\ \hline \end{tabular} \begin{tabular}{|c|r|r|r|r|} \hline \multicolumn{5}{c|}{ DENTAL SERVICES REVENUE } \\ \hline Date & Explanation & Debit & Credit & Balance \\ \hline 6/8 & & & 600 & 600 \\ \hline 6/10 & & & 1,100 & 1,700 \\ \hline 6/15 & & & 350 & 2,050 \\ \hline \end{tabular} ASSETS ADVERTISING EXPENSE \begin{tabular}{|l|r|c|c|r|} \hline Date & Explanation & Debin & Credit & Balance \\ \hline 6/21 & & 60 & & 60 \\ \hline \end{tabular} INSURANCE EXPENSE \begin{tabular}{|l|r|r|r|r|} \hline Date & Explanation & Debt & Credt & Balance \\ \hline 6/30 & & 200 & & 200 \\ \hline \end{tabular} \begin{tabular}{l|r|r|r|r|} \hline Date & Explanation & Debit & Credt & Balance \\ \hline 6/29 & & 130 & & 130 \\ \hline & & & & \\ \hline \end{tabular} Total Assets .... LIABILIIES \begin{tabular}{|c|c|c|c|r|} \hline \multicolumn{5}{|c|}{ WAGES EXPENSE } \\ \hline Date & Explanation & Debit & Credit & Balance \\ \hline 6/18 & & 670 & & 670 \\ \hline & & & & \\ \hline \end{tabular} Total tiabs \& Owners Equity... OWNERS EQUITY By reviewing the ledger accounts, briefly explain the transaction that occurred on each of the following two dates: 1) From the ledger accounts provided, prepare a Trial Balance 2) From the Trial Balance, prepare the Financial Statements 3) Answer the two questions down below: Use the book for GENERAL LEDGER examples. Cavity Dentistry TRIAL BALANCE Cavity Dentistry INCOME STATEMENT SUPPLIES \begin{tabular}{|c|r|r|r|r|} \hline Date & Explanation & Debit & Credit & Balance \\ \hline 6/13 & & 250 & & 250 \\ \hline & & & & \\ \hline \end{tabular} Cavity Dentistry INCOME STATEMENT \begin{tabular}{|c|c|c|c|r|} \hline \multicolumn{5}{|l|}{ PREPAI INSURANCE } \\ \hline Date & Explanation & Debit & Credit & Balance \\ \hline 6/5 & & 2,400 & & 2,400 \\ \hline 6/30 & & & 200 & 2,200 \\ \hline & & & & \\ \hline \end{tabular} EXPENSES EQUIPMENT NET INCOME (Loss) Cavity Dentistry SMITH, CAPITAL STATEMENT OF OWNERS EQUTTY \begin{tabular}{|l|l|l|l|l|l|l|} \hline Date & Explanation & Debit & Credt & Ealance \\ \hline \end{tabular} \begin{tabular}{|c|r|r|r|r|} \hline \multicolumn{5}{c|}{ DENTAL SERVICES REVENUE } \\ \hline Date & Explanation & Debit & Credit & Balance \\ \hline 6/8 & & & 600 & 600 \\ \hline 6/10 & & & 1,100 & 1,700 \\ \hline 6/15 & & & 350 & 2,050 \\ \hline \end{tabular} ASSETS ADVERTISING EXPENSE \begin{tabular}{|l|r|c|c|r|} \hline Date & Explanation & Debin & Credit & Balance \\ \hline 6/21 & & 60 & & 60 \\ \hline \end{tabular} INSURANCE EXPENSE \begin{tabular}{|l|r|r|r|r|} \hline Date & Explanation & Debt & Credt & Balance \\ \hline 6/30 & & 200 & & 200 \\ \hline \end{tabular} \begin{tabular}{l|r|r|r|r|} \hline Date & Explanation & Debit & Credt & Balance \\ \hline 6/29 & & 130 & & 130 \\ \hline & & & & \\ \hline \end{tabular} Total Assets .... LIABILIIES \begin{tabular}{|c|c|c|c|r|} \hline \multicolumn{5}{|c|}{ WAGES EXPENSE } \\ \hline Date & Explanation & Debit & Credit & Balance \\ \hline 6/18 & & 670 & & 670 \\ \hline & & & & \\ \hline \end{tabular} Total tiabs \& Owners Equity... OWNERS EQUITY By reviewing the ledger accounts, briefly explain the transaction that occurred on each of the following two dates
