Camino Visions Company Financial Statement Preparation

Camino Visions Company reported the following adjusted trial balance as of March 31:

Acct #	Account Name	Debits	Credits
101	Cash	$ 25,250
106	Accounts receivable	11,000
124	Office supplies	2,000
128	Prepaid insurance	4,000
131	Prepaid rent	12,000
163	Office equipment	50,000
165	Accumulated depreciation		$ 10,000
201	Accounts payable		5,000
210	Salaries payable		2,500
220	Unearned revenue		14,000
307	Common stock		50,000
310	Retained earnings		7,500
319	Dividends	1,000
401	Services revenue		34,000
680	Salaries expense	10,000
685	Supplies expense	4,000
687	Rent expense	1,000
688	Insurance expense	1,250
690	Utilities expense	500
695	Depreciation expense	1,000
Totals		$ 123,000	$ 123,000

Required:

Using the information from the adjusted trial balance, fill in the appropriate amounts in the financial statements below.

Enter amounts only. DO NOT USE $ (dollar signs) or COMMAS in your answers.

Income Statement:

Services revenue
Salaries expense
Supplies expense
Rent expense
Insurance expense
Utilities expense
Depreciation expense
Total Expenses
Net income

Statement of Retained Earnings:

Beginning retained earnings		7,500
Add: net income
Less: dividends
Ending retained earnings

Balance Sheet:

Assets:
Cash
Accounts receivable
Office supplies
Prepaid insurance
Prepaid rent
Office equipment
Accumulated depreciation
Total Assets
Liabilities:
Accounts payable
Salaries payable
Unearned revenue
Total Liabilities
Equity:
Common stock
Retained earnings (ending)
Total Equity
Total Liabilities and Equity