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Can you pleas help me create the Income statement, Balance Sheet, and Stockholders Equity based off the Adjusted Trial Balance. Trial Balance For the Year
Can you pleas help me create the Income statement, Balance Sheet, and Stockholders Equity based off the Adjusted Trial Balance.
Trial Balance For the Year Ended May 31, 2019 Unadjusted Trial Balance Debit Credit Adjusting Entries Debit Credit Adjusted Trial Balance Debit Credit Income Statement Debit Credit Balance Sheet Debit Credit Closing Adjustments Post-Closing Trial Balance Debit Credit Debit Credit Account 7,460.73 735.00 865.00 7,460.73 735.00 865.00 12,000.00 1,950.00 35,000.00 3,000.00 12,000.00 725.00 1,225.00 35,000.00 3,000.00 7,500.00 7,500.00 3,000.00 3,000.00 700.00 920.00 1,330.00 17,077.87 40,000.00 920.00 630.00 17,077.87 40,000.00 700.00 81,101.97 50.00 81,801.97 50.00 2,120.00 Cash Accounts Receivable Supplies Prepaid Rent Prepaid Insurance Van Furniture Accumulated Depreciation Security Deposits Accounts Payable Deferred Room Rental Revenue Notes Payable Common Stock Retained Earnings Room Rental Revenue Administrative Fee Revenue Advertising Depreciation Expense Dues Expense Food Expense Cleaning and Maintenance Expense Interest Expense Insurance Expense Printing Expense Supplies Postage Licenses and fees Telephone Rent Expense Utilities Wage Expense Linens and Uniforms Dividends Income Summary 7,500.00 1,100.00 4,560.00 3,075.00 1,069.11 2,120.00 7,500.00 1,100.00 4,560.00 3,075.00 1,069.11 725.00 1,550.00 725.00 1,550.00 12,000.00 350.00 1,100.00 3,508.00 24,000.00 2,587.00 30,000.00 650.00 800.00 350.00 1,100.00 3,508.00 36,000.00 2.587.00 30,000.00 650.00 800.00 Net Income (Loss) Totals 140,479.84 140,479.84 20,925.00 20,925.00 147,979.84 147,979.84Step by Step Solution
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