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14) The accounts of Aiman's Candy Shop, follow with their normal balances at May 31, 2020. The accounts are listed in alphabetical order Debit Credit

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14) The accounts of Aiman's Candy Shop, follow with their normal balances at May 31, 2020. The accounts are listed in alphabetical order Debit Credit Account Balance Account Balance Accounts receivable $4,500 Accounts payable $12,500 Rent expense 6,000 Sales Revenue 9,500 Prepaid insurance 500 Owner's capital 25,000 Insurance expense 1,200 Note payable 3,200 Furniture and fixtures 3,500 Owner's drawings 2,500 Cash 32,000 REQUIRED (1) Prepare the company's Trial balance at May 31, 2020, listing accounts in proper sequence. (3 marks) (2) Prepare a statement of Profit and Loss (Income Statement). (2 marks)

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