Get Homework Help With Chegg Study Chegg.com cial statements for his business Mates Incorporated for the year 1 July 2018 to 30 June 2019. To make your job a little more difficult he has produced his adjusted trial balance in alphabetical order as he was unaware of the proper order. Complete the columns for each accounts accounting element and its position in a Trial Balance. Produce an Income Statement and Balance Sheet (either select from the Drop Down menu or enter an account or number in blank boxes. Do not include punctuation in numerical answers). Account Dr Cr Accounting Element Trial Balance Position Accounts Payable 8,000 Liability Accounts Receivable Asset 5,000 Cash At Bank 10,000 Revenue - Insurance Expense 1,000 Expense 4 Office Supplies 5,000 Expense Office Supplies Expense 2,000 Expense 4 Owners Capital 12,000 OE Prepaid Insurance 3,000 Asset Liability. All Prepaid Insurance Asset 3,000 4,000 Salaries Expense Liability Service Revenue 10,000 Revenue Total 30,000 30,000 Mates Incorporated Income Statement For the Year Ended 30 June 2019 A Revenue Service Revenue 10000 Less: Expenses Insurance Expense 4 1000 Office Supplies Expense 4 2000 Salaries Expense A 4000 Total Expenses 7000 Net Profit / Loss 3000 Mates Incorporated Statement of Changes in Equity For the Year Ended 30 June 2019 A Opening Owners Capital 12000 Plus: Capital Introduced 3000 Less: Drawings Plus: Profit 3000 Less: Loss Closing Owners Capital 15000 Mates Incorporated Balance Sheet As At 30 June 2019 Current Assets A Cash At Bank 10000 Accounts Receivable 5000 Office Supplies 5000 5000 3000 |Prepaid Insurance Total Current Assets A 23000 Total Non Current Assets Total Assets 23000 Total Non Current Liabilities Total Liabilities and Owners Equity