Question
1. Prepare financial statements for Clip'em Cliff for the year ended August 31, 2019 Clip'em Cliff Adjusted Trial Balance for the month ended August 31,
1. Prepare financial statements for Clip'em Cliff for the year ended August 31, 2019 Clip'em Cliff Adjusted Trial Balance for the month ended August 31, 2019 Account Debit Credit Cash $35,275.00 account Receivable $2,500.00 Interest Receivable $350.00 Supplies $250.00 Equipment $45,000.00 Accumulated Depreciation Equipment $2,500.00 Account payable $5,500.00 unearned revenue $2,100.00 Income tax payable $3,400.00 Common Stock $70,000.00 Dividends Interest revenue $150.00 Service revenue $350.00 Supplies Expenses $10,300.00 Depreciation Expenses Equipment $50.00 Income tax Expenses $2,500.00 Salaries Expenses $3,400.00 Utility Expenses $75.00 Total $94,150.00 $94,150.00
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