1. Statement of Income 2. Statement of Financial Position 3. Statement of Changes in Equity

Score: Name: Program/Year/ Section: Date: Professor: Exercise 3 Instruction: Set B Based on the Adjusted Trial Balance below, prepare the following: 1. Statement of Income 2. Statement of Financial Position 3. Statement of Changes in Equity GREEN CAR RENTAL SERVICES Adjusted Trial Balance March 31, 20xx Credit Debit 375,800.00 25,000.00 35,000.00 95,000.00 5,000,000.00 1,200,000.00 210,000.00 15,000.00 4,100,700.00 170,000.00 Account No Account Title 101 Cash 102 Accounts Receivable 103 Office Supplies 104 Prepaid Insurance 105 Vehicles 106 Accumulated Depreciation - Vehicles 201 Accounts Payable 202 Salaries Payable 301 Green, Owner's Equity 302 Green, Drawing 303 Income and Expense Summary 401 Service Fees 501 Direct Charges - Salaries, Wages and Benefits 502 Direct Charges - Depreciation, Vehicles 503 Direct Charges - Rental 504 Direct Charges - Outside Services 505 Direct Charges - Others 506 Expense - Communication, Light and Water 507 Expense - Insurance 508 Expense - Miscellaneous 509 Expense - Office Supplies 300,000.00 50,000.00 33,300.00 7,000.00 20,000.00 4,700.00 4,500.00 4,000.00 900.00 500.00 5,825,700.00 5,825,700.00 208 Name: Program/Year/ Section: Score: Date: Professor: Exercise 3 Instruction: Set B Based on the Adjusted Trial Balance below, prepare the following: 1. Statement of Income 2. Statement of Financial Position 3. Statement of Changes in Equity GREEN CAR RENTAL SERVICES Adjusted Trial Balance March 31, 20xx Debit Credit Account No Account Title 101 Cash 102 375,800.00 25,000.00 35,000.00 95,000.00 5,000,000.00 103 104 105 1,200,000.00 210,000.00 106 201 15,000.00 4,100,700.00 202 301 170,000.00 302 303 300,000.00 Accounts Receivable Office Supplies Prepaid Insurance Vehicles Accumulated Depreciation - Vehicles Accounts Payable Salaries Payable Green, Owner's Equity Green, Drawing Income and Expense Summary Service Fees Direct Charges - Salaries, Wages and Benefits Direct Charges - Depreciation, Vehicles Direct Charges - Rental Direct Charges - Outside Services Direct Charges - Others Expense - Communication, Light and Water Expense - Insurance Expense - Miscellaneous Expense - Office Supplies 401 501 502 503 50,000.00 33,300.00 7,000.00 20,000.00 4,700.00 4,500.00 4,000.00 504 505 506 - 507 900.00 508 500.00 509 5,825,700.00 5,825,700.00 208