FS PREPARATION

The trial balance of Durable Repair Shop as of June 30, 2020 is presented below.

Durable Repair Shop

Trial Balance

June 30, 2020

FS PREPARATION The trial balance of Durable Repair Shop as of June 30, 2020 is presented below. Durable Repair Shop Trial Balance June 30, 2020 Cash 27,100 Accounts Receivable 16,000 Tools 12,000 Equipment 65,500 Accounts Payable 8,500 Loans Payable 20,000 D. Rable, Capital 100,000 D. Rable, Drawing 10,000 Service Revenue 31,750 Rant Ravenna ann Sheet1 - 119952675 34245. JP9 199524 120113625_63450. JpgNote: The Capital balance includes additional investment of P30,000 during the year. REQUIRED: Prepare the following financial statements as of June 30, 2020: 1. Income Statement 2. Statement of Capital 3. Balance Sheet + Sheet! - 119852675_34245-jpg 120113625_63450Jpg 119952675_34245...jpg WA B C D E F G H I J Cash 27,100 Accounts Receivable 16,000 Tools 12,000 Equipment 65,500 Accounts Payable 8,500 Loans Payable 20,000 D. Rable, Capital 100,000 D. Rable, Drawing 10,000 Service Revenue 31,750 Rent Revenue 800 Supplies Expense 11,500 Rent Expense 14,000 Taxes and Licenses Expense 1,950 Wages Expense 3,000 161,050 161,050 Note: The Capital balance includes additional investment of P30,000 during the year. Sheet! - 120314625 6345019