Based on the adjusted trial balance, i need to figure out how to construct an income statement, owners equity statement and balance sheet.

11:24 1 Messages coursehero.com - Private Given In question Merchandise Company Trial Balance October 31,2020 Particulars Debit Credit Cash 21286 Owner's Capital 35000 Supplies Expense 2700 A/P 1900 Merchandise Inventory 11000 Return of Purchase 1700 Discount Credit 186 Cost of Goods Sold A/F 17000 Sale 17000 Owner's Drawing 3200 Advertisement Expense 60 Total 55786 55786 Date Entries Debit Credit Oct-31 Depriciation Expense 3300 To Accumulated Depreciation 3300 Oct-31 Supplies Expense 1400 To Supplies 1400 Oct-31 Utilities Expenses 650 Accrued Liabilities 650 Answer : Merchandise Company Adjusted Trial Balance October 31,2020 Particulars Debit Credit Cash 21286 Owner's Capital 3500 Accumulated Depreciation 3300 Supplies Expense 4100 A/P 1900 Merchandise Inventory 11000 Return of Purchase 1700 Discount Credit 186 Cost of Goods Sold 1400 A/R 17000 Sale 17000 Owner's Drawing 3200 Advertisement Expense 600 Depreciation Expense 3300 Trial Balance_page-0001.jpg Trial Balance_page-0002.jpg Is this answer helpful? Your feedback will help us match you with the best tutor Ask another question while you wait. X At Ask Expert Tutors