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Based on the following adjusted trial balance for Eduardo Consulting, prepare a multi-step income statement, statement of owner's equity, and a balance sheet. Eduardo made
Based on the following adjusted trial balance for Eduardo Consulting, prepare a multi-step income statement, statement of owner's equity, and a balance sheet. Eduardo made no additional investments in the company during the year. Eduardo Consulting Trial Balance December 31 Cash Accounts Receivable Merchandise Inventory Supplies Building Accumulated Depreciation Land Accounts Payable Notes Payable Eduardo, Capital Eduardo, Withdrawals Sales Revenue Cost of Goods Sold Depreciation Expense Salaries Expense Utilities Expense Rent Expense Interest Expense Totals Debit $15,000 42,000 60,000 15,000 300,000 0 100,000 3,000 Credit 100000 $3,000 25,000 341,000 465,000 240,000 15,000 15,000 69,000 54,000 6,000 $934,000 $934,000
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