1) Income Statement

2) Statement Of Change In Equity

ADJUSTED TRIAL BALANCE DECEMBER 31, 2018 CREDIT $ 75.00 ACCOUNT TITLE DEBIT CASH $ 46,650.00 ACCOUNTS RECEIVABLE $ 14,000.00 PREPAID RENT $ 4,500.00 INVENTORY $ 2,750.00 EQUIPMENT $ 2,700.00 ACCUMULATED DEPRECIATION : EQUIPMENT TRADEMARK $ 5,000.00 COST OF GOODS SOLD $ 1,050.00 MOBILE PHONE $ 95.00 BANK LOAN PAYABLE ACCOUNTS PAYABLE SALARIES PAYABLE INTEREST PAYABLE INCOME TAX PAYABLE EXPENSE PAYABLE UNEARNT REVENUE COMMON SHARES DIVIDENDS $ 5,000.00 SERVICE REVENUE DEPRECIATION EXPENSE $ 75.00 ADVERTISING EXPENSE $ 1,750.00 SALARY EXPENSE $ 1,600.00 INTEREST EXPENSE $ 1 25.00 INCOME TAX EXPENSE 1,309.00 BAD DEBT EXPENSE 1,400.00 ALLOWANCE FOR BAD DEBT TOTAL $ 88,004.00 $ $ $ $ $ $ $ $ 25,000.00 2,700.00 800.00 125.00 1,309.00 95.00 32,000.00 7,500.00 $ 17,000.00 $ 1,400.00 $ 88,004.00