2.)Prepare Financial Statements from the given Trial Balance.

Particulars	Debit	Credit
Cash	6,000
Accounts Receivable	24,000
Prepaid Insurance	8,800
Equipment	55,000
Building	180,000
Accumulated Depreciation: Building		60,000
Land	59,050
Accounts Payable		16,500
Interest Payable		2,200
Rent Payable		3,400
Long Term Loan		62,500
Common Stock		14,500
Retained Earnings		123,100
Dividends	10,500
Professional Fees		105,000
Rent Earned		17,000
Dividends Earned		2,300
Interest Earned		2,700
Mortgage Payable		21,300
Supplies	9,000
Wages Expense	25,000
Utilities Expense	4,000
Depreciation Expense: Building	13,200
Depreciation Expense: Equipment	8,250
Interest Expense	3,800
Insurance Expense	7,100
Rent Expense	10,000
Supplies Expense	6,800

Lato (Recommended)