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Given the adjusted trial balance below, prepare (in good form) an income statement, statement of owner's equity, and balance sheet. The name of the business

Given the adjusted trial balance below, prepare (in good form) an income statement, statement of owner's equity, and balance sheet. The name of the business is Duncore Secretarial Service and the accounting period coincides with the calendar year.

Duncore Secretarial Service

Adjusted Trial Balance

December 31, 2010

Cash

$ 265

Accounts Receivable

600

Supplies

10

Prepaid Insurance

10

Office Equipment

1,000

Accumulated DepreciationOffice Equipment

$ 150

Accounts Payable

600

Salaries Payable

35

Marina Duncore, Capital

700

Service Revenue

1,100

Salaries Expense

560

Supplies Expense

40

Insurance Expense

50

Depreciation ExpenseOffice Equipment

50

______

$2,585

$2,585

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