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CARNEGIE & HURST LIMITED

Trial Balance

October 31, 2022

Debit Credit

Cash........................................................................................................ $ 5,200

Accounts receivable................................................................................ 70,100

Prepaid insurance................................................................................... 19,100

Supplies................................................................................................... 2,150

Equipment............................................................................................... 34,000

Accumulated depreciationequipment.................................................. $ 1,700

Building.................................................................................................... 81,785

Accumulated depreciationbuilding....................................................... 8,179

Accounts payable.................................................................................... 39,200

Deferred revenue.................................................................................... 42,600

Bank loan payable.................................................................................. 37,100

Common shares...................................................................................... 69,500

Retained earnings................................................................................... 13,700

Service revenue...................................................................................... 113,300

Salaries expense..................................................................................... 58,099

Rent expense.......................................................................................... 25,200

Insurance expense.................................................................................. 13,100

Utilities expense...................................................................................... 6,650

Supplies expense.................................................................................... 4,500

Depreciation expense............................................................................. 3,745

Interest expense...................................................................................... 1,500

Income tax expense................................................................................ 150

Totals.............................................................................................. $325,279 $325,279

Instructions

Prepare a statement of income, statement of changes in equity, and statement of financial position for the year ended October 31, 2022.