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3. Prepare the financial statements for Davis Consulting for the month ended January 31, 20X2 using the given Adjusted Trial Balance. Required financial statements include:

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3. Prepare the financial statements for Davis Consulting for the month ended January 31, 20X2 using the given Adjusted Trial Balance. Required financial statements include: a. Multi-step income statement (list service recenue under gross profit and ignore classifying the expenses as selling and adminstrative.) b. Statement of Owners Equity c. Classified Balance Sheet thank you! Adjusted Trial Balance 1/31/20X2 Account Credit Balance Debit 23,078.00 2,900.00 150.00 3,610.00 1,900.00 2,700.00 90.00 3,900.00 130.00 6,540.00 678.72 1,200.00 20,317.69 100 Cash 110 Accounts Receivable 120 Office Supplies 130 Software Inventory 140 Prepaid Rent 150 Equipment 151 Accu. Depr.-Equipment 155 Furniture 156 Accu. Depr. Furniture 200 Accounts Payable 205 Salaries Payable 215 Unearned Revenue 300 Davis, Capital 305 Davis, Withdrawals 400 Service Revenue 405 Sales Revenue 500 Cost of Goods Sold 505 Salaries Expense 510 Office Supply Expense 515 Rent Expense 520 Utilities Expense 525 Dep. Expense-Equip. 530 Dep. Expense Furniture 540 Bank expense 600 Interest revenue Total 8,800.00 8,000.00 4,390.00 1,906.41 359.00 475.00 285.00 45.00 65.00 15.00 22.00 45 778 41 45.778.41

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