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Given the following trial balance, create the Income Statement, Statement of Changes in Equity, and Statement of Financial Position. You can upload your answer
Given the following trial balance, create the Income Statement, Statement of Changes in Equity, and Statement of Financial Position. You can upload your answer in the space provided below. If you have answered with pen and paper you will need to submit a photo or scan. If you use Excel or Word you will upload the Excel or Word file. No other file formats will be accepted. Specific accepted file types are listed below. Parkside Cleaners Adjusted Trial Balance December 31, 2018 Debit Credit Cash 5,890 Supplies 1,500 Accounts receivable (net) 13,100 Inventory 850 Prepaid rent 1,200 Equipment 71,000 Accumulated depreciation - equipment 15,000 Store fixtures 8,000 Accumulated depreciation - store fixtures 35,000 Accounts payable 7,140 Salaries payable 4,250 Common shares 10,000 Retained earnings 22,650 Dividends declared 5,000 Sales revenue 112,400 Salaries expense 71,300 Insurance expense 7,100 Depreciation expense 3,000 Bad debt expense 200 Supplies expense 500 Utilities expense Rent expense 2,800 15,000 206,440 206,440
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