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Alert Security Services Co. offers security services to business clients. The adjusted trial balance is presented below. Alert Security Services Co. End-of-Period Spreadsheet For the

Alert Security Services Co. offers security services to business clients. The adjusted trial balance is presented below.

Alert Security Services Co.

End-of-Period Spreadsheet

For the Year Ended October 31, 2016

1

Adjusted

Adjusted

2

Trial Balance

Trial Balance

Income Statement

Income Statement

Balance Sheet

Balance Sheet

3

Debit

Credit

Debit

Credit

Debit

Credit

4

Cash

12.00

5

Accounts Receivable

103.00

6

Supplies

4.00

7

Prepaid Insurance

2.00

8

Land

190.00

9

Equipment

50.00

10

Accumulated Depreciation-Equipment

7.00

11

Accounts Payable

36.00

12

Wages Payable

1.00

13

Brenda Schultz, Capital

260.00

14

Brenda Schultz, Drawing

8.00

15

Fees Earned

213.00

16

Wages Expense

111.00

17

Rent Expense

12.00

18

Insurance Expense

10.00

19

Utilities Expense

6.00

20

Supplies Expense

4.00

21

Depreciation Expense

3.00

22

Miscellaneous Expense

2.00

23

$517.00

$517.00

24

Net income (loss)

25

Prepare an income statement, statement of owners equity, and balance sheet for Alert Security Services Co. (Note: Be sure to read the instructions for each financial statement carefully.)

Labels and Amount Descriptions

Labels
Current assets
Current liabilities
Expenses
For the Year Ended October 31, 2016
October 31, 2016
Property, plant, and equipment
Revenues
Amount Descriptions
Add withdrawals
Brenda Schultz, capital, November 1, 2015
Brenda Schultz, capital, October 31, 2016
Decrease in owners equity
Increase in owners equity
Less withdrawals
Net income
Net loss
Total assets
Total current assets
Total expenses
Total liabilities
Total liabilities and owners equity
Total property, plant, and equipment
Total revenues

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