< Cash Kohl's Home Repair Trial Balance May 31, 20-- Van Account Accounts Receivable Office Supplies Prepaid Insurance Equipment Debit Credit Balance Balance Accounts Payable Wilhelm Kohl, Capital Wilhelm Kohl, Drawing Service Fees Rent Expense 21,805 2,700 160 1,100 8,200 6,000 2,900 850 4,400 25,000 15,500 1 v Wilhelm Kohl, Capital Wilhelm Kohl, Drawing Service Fees Rent Expense Wages Expense Phone Expense Gas and Oil Expense Totals 2,900 Change in owner's equity: 850 800 230 155 44,900 25,000 15,500 44,900 Wilhelm Kohl's original investment in the business + Net income for the month - Owner's drawing Increase (decrease) in capital = Ending owner's equity Required: $13,465 2,900 1. Prepare an income statement for Kohl's Home Repair for the month ended May 31, 20 Kohl's Home Repair $25,000 10,565 $35,565 eBook 1. Prepare an income statement for Kohl's Home Repair for the month ended May 31, 20--. Kohl's Home Repair Income Statement For Month Ended May 31, 20-- Total expenses Calculator 2. Prepare a statement of owner's equity for Kohl's Home Repair for the month ended May 31, 20- Kohl's Home Repair Statement of Owner's Equity Check My Work 2. Prepare a statement of owner's equity for Kohl's Home Repair for the month ended May 31, 20--. Kohl's Home Repair Statement of Owner's Equity For Month Ended May 31, 20-- Total investment 3. Prepare a balance sheet for Kohl's Home Repair as of May 31, 20- Kohl's Home Repair Balance Sheet May 31, 20- Assets Check My Work 14 *** Liabilities W BETTE Previous ^ Total investment 3. Prepare a balance sheet for Kohl's Home Repair as of May 31, 20- Kohl's Home Repair Balance Sheet May 31, 20- Assets Total assets Check My Work Liabilities Owner's Equity Total abilities & owner's equity Previous