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2 3 Below is a trial balance for Nancy Mansouri, Inc. Certain accounts have been recorded incorrectly, therefore, it does not balance, 4 13 5

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2 3 Below is a trial balance for Nancy Mansouri, Inc. Certain accounts have been recorded incorrectly, therefore, it does not balance, 4 13 5 1) Prepare a corrected trial balance 6 2) Prepare the financial statements for the period including a Balance Sheet, Income Statement and 7 Statement of Stockholders' Equity 8 3) You must use Excel with formulas where needed. All work should be prepared using good form with 9 proper spelling, number formatting, etc. 10 11 12 Nancy Mansouri, Inc. Trial Balance 14 December 31, 2020 15 Debit Credit 16 Cash $ 26,000 17 Accounts Receivable $ 14,000 18 Supplies $ 6,000 19 Equipment $ 12,000 20 Accounts Payable $ 14,000 21 Common Stock $ 30,000 22 Dividends $ 4,000 23 Sales $ 38,000 24 Salaries Expense $ 12,000 25 Rent Expense $ 6,000 26 Supplies Expense $ 2,000 27 $ 104,000 $ 60,000

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