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financial accounting prepartion below is the adjusted trail balance of simarjit kaur cubic storage at december 31 2021 reuben's cubic storage adjusted trail balance december
financial accounting prepartion below is the adjusted trail balance of simarjit kaur cubic storage at december 31 2021 reuben's cubic storage adjusted trail balance december 201
Cash Accounts Receivable Prepaid Insurance Office Supplies Office Equipment Accumulated Deprec Dion - Office Equipment Buildings Accumulated Depreciation - Buildings 3,050400830804,20098,0001,10028,000 Land 115,000 Wages Payable Property Taxes Payable Interest Payable Unearned Rent Long-term Notes Payable Simranjit Kaur, Capital Simranjit Kaur, Withdrawals Rent Earned Wages Expense Utilities Expense Property Taxes Expense Insurance Expense Office Supplies Expense Depreciation Expense-Office Equipment Depreciation Expense - Building 880 1,400 2,200 460 178,000 30,520 48,600 Interest Expense Use the Adjusted Trial Balance to answer the following questions. a) Prepare an income statement for the year ended December 31, 2021 . (8 Marks) Prepare a statement of changes in equity for the year ended December 31, 2021. Reuben's capital account balance of $30,520 consists of a \$20,520 balance on January 1, 2021, plus an additional $10,000 investment during 2021 . (10 Marks) c) Prepare a balance sheet at December 31, 2021
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