Collins Candy Store Year ending Febuary 23, 2005 Income Statement Adjusted Trial Balance Balance Sheet Dr. CR. Dr Cr. Account Title Dr. Cr. 28,800 5,000 3,000 20,000 Cash Account Recievable Inventory Equipment Accum Dep Land Account Payable Notes payable Owner's Equity Owner's Drawing Salaries & Wages Expense Utilities Expense Intrest Expense Depreciation Expense 3,000 7,000 5,000 50,000 15,000 3,000 5,000 700 1,500 3,000 Service Revenue 90,000 Total 120,000 120,000