Create a balance sheet with the following data. I already have the trial balance and income statemetn just need the balance sheet.

American Meter Company closes its books and prepares financial statements at the end of each month. American uses the perpetual inventory system. The company completed the following transactions during August, 2017:

Aug 1 Issued check no. 682 for August rent of $1,000

2. Issued check no. 683 to pay salaries of $1,240, which includes salary payable of $930 from July 31 (ignore payroll deductions).

2. Issued invoice no. 503 for sale on account to R. T. Loeb, $600. Americans cost of this merchandise was $190.

3. Purchased inventory on credit terms of 1/15, n/60 from Grant, Inc., $1,400

4. Received net amount of cash on account from Fullam Company, $2,156, within the discount period. The invoice, dated July 26 with terms of 2/10, net 30, was in the amount of $2,200.

4. Sold inventory for cash, $330 (cost, $104)

5. Received from Park-Hee, Inc. merchandise that had been sold earlier for $550 (cost, $174)

5. Issued check no. 684 to purchase supplies for cash, $780

6. Collected interest revenue of $1,100

7. Issued invoice no. 504 for sale on account to K. D. Skipper, $2,400 (cost, $759)

8. Issued check no. 685 to pay Federal Company $2,600 of the amount owed at July 31. This payment occurred after the discount period.

11. Issued check no. 686 to pay Grant, Inc. the net amount owed from August 3

12. Received cash from R. T. Loeb in full settlement of her account receivable from August 2

16. Issued check no. 687 to pay salary expense of $1,240

19. Received half the July 31 amount receivable from K. D. Skipperafter the end of the discount period

19. Purchased inventory for cash $850, issuing check no. 688

22. Purchased furniture on credit terms of 3/15, n/60 from Beaver Corporation, $510

23. Sold inventory on account to Fullam Company, issuing invoice no. 505 for $9,966 (cost, $3,152)

25. Issued check no. 689 to pay utilities, $432

26. Purchased supplies on credit terms 2/10, n/30 from Federal Company, $180

30. Returned damaged inventory to company from whom American made the cash purchase on August 19, receiving cash of $850

30. Granted a sales allowance of $175 to K. D. Skipper

31. Purchased inventory on credit terms 1/10, n/30 from Suncrest Supply, $8,330

31. Issued check no. 690 to Lester Mednick, owner of the business, for personal withdrawal, $1,700

The chart of accounts with account balances as of July 31, 2017 are as follows:

General Ledger

101 Cash $ 8,650 401 Sales Revenue

102 Accounts Receivable 19,560 402 Sales Discounts

104 Interest Receivable 403 Sales Returns & Allowances

105 Merchandise Inventory 41,800 410 Interest Revenue

109 Supplies 2,150 501 Cost of Goods Sold

117 Prepaid Insurance 2,200 510 Salary Expense

140 Note Receivable, Long-Term 11,000 513 Rent Expense

160 Furniture 37,270 514 Depreciation Expense

161 Accumulated Depreciation 10,550 516 Insurance Expense

201 Accounts Payable 13,410 517 Utilities Expense

204 Salary Payable 930 519 Supplies Expense

207 Interest Payable 320 523 Interest Expense

220 Note Payable, Long-Term 42,000

301 Lester Mednick, Capital 55,420

302 Lester Mednick, Withdrawals

400 Income Summary

Accounts Receivable Subsidiary Ledger:

Fullam Company, $3,200

R T. Loeb, 0

Park-Hee Inc., 7,590

K.D. Skipper, 8,770

Accounts Payable Subsidiary Ledger:

Beaver Corporation $ 0

Federal Company 13,410

Grant, Inc, 0

Suncrest Supply 0

American Meter Company
Income Statement
Month Ended August 31, 2017
Rent Expense	Aug. 1	1,000
			1,000
Salaries Payable	Aug. 2	$ 930
Salaries Expense		310
Cash			1,240
Accounts Receivable R T Loeb		630
Sales Revenue			630
Cost of Goods Sold		190
Inventories			190
Inventories	Aug. 3	1,400
Accounts Payable- Grant Inc.			1,400
Cash	Aug. 4	2,156
Sales Discount		44
Accounts Receivable-Fullam Companu			2,200
Cash		330
Sales Revenue			330
Cost of goods sold		104
Inventories			104
Sales Return and Allowances	Aug. 5	550
Accounts Receivable-Park Hee			550
Inventories		174
Cost of Goods Sold			174
Supplies		780
Cash			$ 780
Cash	Aug. 6	1,100
Interest Revenue			1,100
Accopunts Receivable- K D Skipper	Aug. 7	2,400
Sales Revenue			2,400
Cost of Goods Sold		759
Inventories			759
Accounts Payable-Federal Company	Aug. 8	2,600
Cash			2,600
Accounts Payable-Grant Inc	Aug. 11	1,400
Cash			1,386
Inventories			14
Cash	12-Aug	617
Sales Discount		13
Inevntories			630
Salaries Expense	Aug. 16	1,240

Cash			1,240
Inventories	Aug. 19	850
Cash			850
Furniture
Accounts payable-Beaver Corp.	Aug. 22	510
			510
Accounts Receovablle-Fullam Company	Aug. 23	9,996
Sales Revenue			9,996
Cost of Goods Sold		3,152
Inevntories			3,152
Utilities Expenses	Aug. 25	432
Cash			432
Supplies	Aug. 26	180
Accounts Payable-Federal Company			180
Cash	Aug. 30	850
Inventories			850
Sales Return and Allowances		175
Accounts Receivable-K D Skipper			175
Inventories	Aug. 31	8,330
Accounts Payable-Suncrest Company			8,330
Lester Mednick Withdrawls		1,700
Cash			1,700

Trial Balance as at August 31, 2015
	Debit	Credit
Cash	6810
Accounts Receivable	24666
Inventory	47485
Supplies	3110
Prepaid Insurance	2200
Notes Receivable, Long term	11000
Furniture	37780
Accumulated Depreciation		10550
Accounts Payable		19830
Interest Payable		320
Long term Notes Payable		42000
Lester Mednick Capital		55420
Lester Mednick Withdrawl	1700
Sales revenue		13326
Sales Discounts	57
Sales return and Allowances	725
Interest Revenue		1100
Cost of Goods Sold	4031
Salary Expenses	1550
Rent Expenses	1000
Utilities Expenses	432
	142546	142546

1,700