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A. Perform the trial balance. B. Prepare the income statement. C. Prepare the statement of owner's equity. D. Prepares the statement of owner's equity (balance

A. Perform the trial balance. B. Prepare the income statement. C. Prepare the statement of owner's equity. D. Prepares the statement of owner's equity (balance sheet).

At Camino Real, Inc. the account balances are as follows:

Cuenta Balance
cash 425,000
prepaid insurance 14,000
supplies 15,000
equipment 27,000
accounts receivable 123,000
notes payable 53,600
accounts payable 26,500
Carmelo Ruiz, capital 228,100
Carmelo Ruiz, drawing 20,000
fee earned 896,300
utilities expense 9,000
salary expense 536,000
advertising expense 3,500
rent expense 32,000

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