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Che Problem 2-9A Preparing financial statements from a trial balance 106 Acct. No 101 186 124 128 163 201 230 301 Hipster Optical Trial Balance

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Che Problem 2-9A Preparing financial statements from a trial balance 106 Acct. No 101 186 124 128 163 201 230 301 Hipster Optical Trial Balance May 31, 2020 Account Title Cash Accounts receivable office supplies Prepaid insurance Office equipment Accounts payable Unearned service revenue Peeta Black, capital Peeta Black, withdrawals Services revenue Wages expense Rent expense Utilities expense Totals Debit $19,500 9,480 7,400 10,820 26,689 $ 1,700 8,888 57,300 302 1,532 403 623 30,380 16,000 5,300 690 1,500 $98,180 598,139 Required: Using the trial balance provided above, prepare an income statement and statement of changes in equity for the first month ended May 31, 2020, and a balance sheet at May 31, 2020

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