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Based on the following trial balance for Bruce's Upholstery Shop, prepare an income statement, statement of owner's equity, and a balance sheet. Bruce Wilson made
Based on the following trial balance for Bruce's Upholstery Shop, prepare an income statement, statement of owner's equity, and a balance sheet. Bruce Wilson made no additional investments in the company during the year. Bruce's Upholstery Shop Trial Balance December 31 Cash Accounts receivable Upholstery supplies Upholstery shop equipment Accounts payable B. Wilson, Capital B. Wilson, Withdrawals Revenue earned Upholstery supplies expense Rent expense $6,500 2,500 17 $745 21,155 36,000 72.000 3,425 6,000 22.000 ages expense Totals $93
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