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Halliwell Company prepared the following adjusted trial balance at its year-end of July 31, 2018. The company is owned by Wayne Halliwell. CR Halliwell Company

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Halliwell Company prepared the following adjusted trial balance at its year-end of July 31, 2018. The company is owned by Wayne Halliwell. CR Halliwell Company Adjusted Trial Balance July 31, 2018 Account Titles DR Cash $14,100 Accounts Receivable $6,400 Merchandise Inventory $7,000 Prepaid Expenses $2,000 Store Equipment $40,200 Accumulated Depreciation - Equipment Accounts Payable Uneamed Revenue Notes Payable Halliwell, Capital Halliwell, Drawings $1,300 Sales Revenue Gain on Sale of Equipment Cost of Goods Sold $17,700 Depreciation Expense - Equipment $2,900 Interest Expense $900 $2,900 $6,500 $5.900 $9,000 $40,820 $53,680 $4,400 Antti |Accounts Receivable $6,400 $7,000 $2,000 $40,200 Merchandise Inventory Prepaid Expenses Store Equipment Accumulated Depreciation - Equipment Accounts Payable Unearned Revenue Notes Payable Halliwell, Capital Halliwell , Drawings Sales Revenue $2,900 $6,500 $5,900 $9,000 $40,820 $1,300 $53,680 $4,400 $17,700 $2,900 $900 Gain on Sale of Equipment Cost of Goods Sold Depreciation Expense - Equipment Interest Expense Advertising Expense Rent Expense - Retail Space Rent Expense - Office Space Sales Salaries Expense Office Salaries Expense Total $1,600 $10,800 $5,900 $8,100 $4,300 $123,200 $123,200 Do not enter dollar signs or commas in the input boxes. Enter the accounts into the appropriate statements in the order they are presented on the trial balance, Do not use negative signs. Halliwell Company Income Statement For the Year Ended July 31, 2018 Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Selling Expenses + $ . 4 Total Selling Expenses Administrative Expenses e here to search > > $ $ $ Total Selling Expenses $ Administrative Expenses $$ $$ Total Administrative Expenses $ Total Operating Expenses Income from Operations Other Income and Expenses 41 Net Income b) Prepare a statement of owner's equity. Halliwell Company Statement of Owner's Equity For the Year Ended July 31, 2018 Halliwell, Capital (Beginning) $ Add: Net Income $ Less: Halliwell, Drawings $ Subtotal $ CA Halliwell, Capital, July 31, 2018 $ Halliwell Company Balance Sheet As at July 31, 2018 Assets Current Assets 1 BA $ $ $ Total Current Assets $ Property, Plant, and Equipment > 1$ $ Total Property. Plant, and Equipment Total Assets Liabilities Liabilities Current Liabilities 4 $ $ $ Total Current Liabilities Long-Term Liabilities $ Total Long-Term Liabilities $ Total Liabilities $ Owner's Equity S ( Total Owner's Equity Total Liabilities and Owner's Equity

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