13,012 Balance Sheet Fido's Food Mart General Ledger Accounts in Alphabetical Order November 30, 20XX Debits Credits Account Title Accounts payable 25,818 Accounts receivable Accumulated depreciation - Equipment and vehicle Bonds payable (mature 12/31/XX) 12,000 Cash 20,531 Common stock (200 shares @ $210/share, par $210) 42,000 Equipment 30,550 Inventory 44,160 Operating expenses 27,340 Rent expense 3,450 Retained earnings 0 Sales revenue 82,625 Supplies 1,850 Unearned revenue (gift cards) 0 Vehicle 12,250 Wages expense 9,300 Totals 162,443 162,443 Income Statement The acccount balances at the end of the third month of operations at Fido's Food Mart are shown above in alphabetical order. Required: 1. On the last day of the month, the accountant took a look at ledger balances and noticed that a gift card sale was missed. Record the sale of fifteen (15) gift cards valued at $25 cach. a. Show the balancing effects on the accounting equation b. Record the journal entry in two-line format using a debit and a credit. c. Show T-accounts with beginning balances, transactions and end balances. 2. Prepare an updated unadjusted trial balance that reflects the gift card sale. Be sure to rearrange the accounts to reflect proper ledger order (i.e., assets, liabilities, etc.) 3. Using the updated trial balance prepared in step 2, prepare the following: a. Single-step income statement b. Statement of retained earnings c. Classified balance sheet