ACCT110: Module 4 - Exercise Q1 The adjusted trial balance for Rawan Company for the ending month of October 31, 2016. Account Debit Credit Cash 9,100 Account Receivable 3,800 Supplies 600 Equipment 32,000 Accumulated Depreciation- 8,400 Equipment Account Payable 2.100 Accrued Expenses 1,350 Unearned Service Revenue 1.900 Capital Stock 5,000 Retained Earnings 15,925 Dividend 2,500 Service Revenue 20,400 Salaries Expenses 4,750 Rent Expenses 1,200 Depreciation Exp-Equipment 675 Supplies Expenses 450 Required:- 1. Prepare an income statement for the month 2. Prepare a statement of retained earnings for the month 3. Prepare a balance sheet at the end of the month Q2 E3-37B. Financial statement preparation (Learning Objective 3) 15-20 min. The adjusted trial balance for Five Star Catering, Inc., is presented next. Prepare the income statement and statement of retained earnings for Five Star Catering, Inc., for the month ended October 31, 2014. Also prepare the balance sheet at October 31, 2014. CREDIT DEBIT $ 9,100 3,800 600 32,000 Five Star Catering, Inc. Adjusted Trial Balance October 31, 2014 ACCOUNT Cash Accounts Receivable Supplies Equipment Accumulated Depreciation, Equipment Accounts Payable Salaries Payable Unearned Service Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Rent Expense Depreciation Expense, Equipment Supplies Expense Total $ 8,400 2,100 1,350 1,900 5,000 15,925 2,500 20,400 4,750 1,200 675 450 $55,075 $55,075 Q3 The adjusted trial balance for Pinky Company were listed below: Adjusted Accounts Trial Balance Debit Credit Cash Accounts Receivable Prepaid insurance Office supplies Land Building Accumulated depreciation Building Accumulated depreciation Accounts payable Salaries payable Unearned service revenue Mortgage payable Share Capital Retained earnings Dividends paid Service revenue Salaries expense Depreciation expense Supplies expense Insurance expense Utilities expense 15,000 30,000 7,500 3,200 40,000 160,000 12,000 75,000 8,500 12,000 2,000 25,000 100,000 10,000 11,290 23,000 289,000 61,000 6,150 14,040 14,000 20,900 469.790 469.790 Required for the fiscal year ended July 31, 2018: 1. Prepare income statement 2. Prepare Statement of Retained Earnings 3. Prepare balance sheet