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added all the available headings to make it easier. thanks Question 3 [30 points] Frank Levens started Bentley Inc. on February 1, 2014. The adjusted

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added all the available headings to make it easier. thanks

Question 3 [30 points] Frank Levens started Bentley Inc. on February 1, 2014. The adjusted trial balance shown below has been prepared for Bentley Inc. as of February 28, 2014. Use this information to prepare the income statement and statement of changes in equity for the month ended February 28 along with the February 28 balance sheet. Bentley Inc. Adjusted Trial Balance February 28, 2014 (select one) Income Statement (select one) X X Accumulated depreciation, furniture Accumulated depreciation, trucks Advertising expense Commissions earned Consulting revenue earned Depreciation expense, furniture Depreciation expense, trucks Dividends Furniture Interest earned Interest expense Interest payable Long-term notes payable Prepaid advertising Rent earned Salaries expense Salaries payable Share capital Supplies Trucks Totals Debit Credit 11,000 7,000 32,000 126,000 93,000 11,000 7,000 10,000 160,500 17,500 26,000 16,000 109,000 54,500 64,000 85,500 63,500 177,000 104.000 193,500 684,000 684,000 (select one) Statement of Changes in Equity (select one) Share Retained Total Capital Earnings Equity X ++ X ++ x + (select one Balance Sheet (select one) + X X X X X ttttt X + Choose an Account or Heading ategories: Accounts and Headings: Accounts payable ssets Accounts receivable abilities Accumulated depreciation, automobiles quity Accumulated depreciation, boats Equity Accumulated depreciation, building Revenues Accumulated depreciation, equipment Expenses." Accumulated depreciation, furniture Other Accumulated depreciation, land improvements eadings & Totals Accumulated depreciation, machinery Accumulated depreciation, trucks Advertising expense Advertising payable Assets Automobiles Boats Bonds payable Building Cash Search: Erase Cancel categories: Choose an Account or Heading Accounts and Headings: Cash issets Commissions earned Liabilities Consulting revenue earned Equity Depreciation expense, automobiles Equity Depreciation expense, boats Revenues Depreciation expense, building Expenses Depreciation expense, equipment Other Depreciation expense, furniture Headings & Totals Depreciation expense, machinery Depreciation expense, trucks Dividends Equipment Equity Expenses Furniture Income summary Insurance expense Interest earned Search: Choose an Account or Heading ategories: Accounts and Headings: 1 interest earned ssets Interest expense abilities Interest payable quity Interest receivable Equity Investment in bonds Revenues Issuance of shares Expenses. Land Other Land improvements Headings & Totals Liabilities Long-term investment in shares Long-term notes payable Machinery Mortgage payable Net income Net loss Notes receivable Office supplies expense Prepaid advertising Search: Choose an Account or Heading tegories: Accounts and Headings: Prepara advertising sets Prepaid insurance bilities Prepaid interest uity Prepaid rent quity Property taxes expense cevenues Property taxes payable Rent earned xpenses Other Rent expense eadings & Totals Rent payable Rent receivable Retained earnings Revenues Salaries expense Salaries payable Share capital Short-term notes payable Supplies Supplies expense Search: Crono Connol Choose an Account or Heading tegories: Accounts and Headings: (Retained earnings sets Revenues bilities Salaries expense uity Salaries payable quity Share capital evenues Short-term notes payable xpenses Supplies Other Supplies expense eadings & Totals Total assets Total equity Total expenses Total liabilities Total liabilities and equity Total revenues Trucks Unearned consulting revenue Unearned rent JUtilities expense Search: Erase Cancel (select one) For the Month Ended February 28, 2014 For the 6-months Ended February 28, 2014 For the Year Ended February 28, 2014 February 1, 2014 February 28, 2014

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