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 owner’s 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 owner’s equity
Increase in owner’s equity
Less withdrawals
Net income
Net loss
Total assets
Total current assets
Total expenses
Total liabilities
Total liabilities and owner’s equity
Total property, plant, and equipment
Total revenues