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Below you will find a list of accounts in alphabetical order as of December 31, 2020 for GBC Inc. The debits equal the credits, so
Below you will find a list of accounts in alphabetical order as of December 31, 2020 for GBC Inc. The debits equal the credits, so this could be taken as a random trial balance of sorts. Accounts payable 3300 Prepaid rent 800 Accounts receivable 5,000 Rent expense 4500 C. Pettipas, capital 22,500 Salaries expense 1,000 C. Pettipas, drawings 1,100 Service revenue 8,000 Cash 6,400 Supplies 650 Equipment 14.600 Unearned revenue 250 Required: On this same Excel page-prepare the three financial statements: Income Statement, Statement of Owner Equity and a Balance sheet in good form. Submit your work via Black Board at/on the same location from where you found it by saving it as a file in your computer and then attaching it in the attachments icon towards the bottom of the page. Hint-Identify each account above as having a debit or credit balance and which financial statement in which they will appear, before starting your financial statement preparation. (Use last class's notes as a guide) +
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