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Financial statements and closing entde Instructions Finders restigative Services to an investigative services firm that w owned and operated by Stacy Tarnet. On June 30,
Financial statements and closing entde Instructions Finders restigative Services to an investigative services firm that w owned and operated by Stacy Tarnet. On June 30, 2013. me end of the scalar, the accountant for Finders Investigative Servions prepared an end of period spreadsheet a part of which follows Finders investigative Services End-of-Perlod Spreadsheet For the Year Ended June 30, 2013 - Adjusted Trial Balance Account Title DE Cr Cash Accounts Receivable 29.500 70 200 4700 2.500 438 500 Supplies Prepaid Insurance Building Accumulated Depreciation Building Accounts Payable Satanes Payable Uneared Rent Stacy Tanner Capital Stacy Tanner, Drawing 12.200 11 700 3400 1.900 372.000 12000 Service Fees 723.500 12.000 524 300 48000 Rent Revenue Salaries Expense Rent Expense Supplies Expense Depreciation Expense-Building Uudies Expense Repairs Expense Insurance Expense Miscellaneous Expense 10,600 7,500 7.200 2.900 2.300 6 500 1,167 400 1.167.400 Required: 1. Prepare an income statement, a statement of owner's equity (no additional Investments were made during the years, and a balunos sheet 2 Journalike the entries that were required to close the accounts at June 30 3. Stacy Tanner. Capital ras instead decreased $20,000 after the closing entries were posted, and the wodrzan's remained te same, what would have been the amount of net income ar net loss? "Be sure to read the instructions for each financial statement artily
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