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At the end of the first year of operations 2020, Mohd Al Ai Establishment has the following: Mohd Al Ali Establishment Trial Balance for the

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At the end of the first year of operations 2020, Mohd Al Ai Establishment has the following: Mohd Al Ali Establishment Trial Balance for the month ended December 31, 2020 Credit Debit 90,000 40,000 10,000 35,000 15,000 20,000 35,000 50,000 Accounts title Cash Accounts receivable Supplies Equipment Accumulated depreciation- Equipment Accounts payable Wages payable Capital Withdrawals Revenue Sales commissions expense Advertising expense Depreciation expense- Equipment Telephone expense Wages expense 1,000 80,000 3,000 4,000 3,000 2,000 12,000 Total 200,000 200,000 Required: Prepare financial statements: Income statement, Owner's equity statement, balance sheet

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