90 Liberation Sans 12 a a % 00 D B77 Owner's Equity D F 1 Ex 4-3 Prepare financial statements from worksheet 2 Worksheet data for Auburn Company are presented below. The owner did not make any additional investments in the business in April E G H 1 3 K 3 4 5 6 7 8 Balance Sheet Dr. Cr 9 10 11 12 13 14 15 16 17 18 19 0 1 2 3 Account Titles Cash Accounts Receivable Prepaid Rent Equipment Accumulated Depreciation - Equip Notes Payable Accounts Payable Owner's Capital Owner's Drawings Service Revenue Salaries and Wages Expense Rent Expense Depreciation Expense Interest Expense Interest Payable Totals AUBURN COMPANY Worksheet (Partial) For the Month Ended April 30, 2020 Adjusted Trial Balance Income Statement Dr. Cr Dr. Cr 10,000 7,840 2,280 23,050 4,900 5,700 4,920 27,960 3,650 15,590 10,840 760 650 57 57 59,127 59,127 1 2 3 4 AUBURN COMPANY Income Statement For the Month Ended April 30, 2020 Revenues Service revenue Value 5 6 7 8 9 0 Expenses Salaries and wages expense Rent Expense Depreciation expense Interest expense Total expenses Net income Value Value Value Value 1 2 ? 3 4 5 5 7 3 AUBURN COMPANY Owner's Equity Statement For the Month Ended April 30, 2020 Owner's Capital, April 1 Add: Net income 1 2 Value Value ? Value ? 3 Less: Drawings Owner's Capital, April 30 5 AUBURN COMPANY Balance Sheet Anril 30 2020 F . E M 58 so 0 62 50 4 ET 4-3 2- The Office Cak Edit View Insert Format Syles Data Tools Window Help 12 12 Liberation San 12 a aa - % 000 877 Owner's quity D Balance Sheet April 30, 2020 Assets Current assets Cash Value Accounts receivable Value Prepaid rent Value Total current assets ? Property, plant, and equipment Equipment Value Less: Accumulated depreciation equipment Value ? 69 Total assets ? 70 71 Liabilities and Owner's Equity Current liabilities 73 Notes payable Value 74 Accounts payable Value Interest payable Value 76 Total current abilities ? 7 Owner's Equity Owner's Capital Value ? Total liabilities and owner's equity 0 1 After you have completed the requirements of E4-3, consider these additional questions Answers are on the other tab in this file. 1 Suppose Accounts Receivable balance changed to $10,840 and Service Revenue changed to $18,590, what is the impact on the Income Statement and the Balance Sheet? Suppose Aubum received a utlity bill for $375 which they failed to record. What is the impact on the Income Statement and the Balance Sheet