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Hello, may I get help with these questions? From trial balance, prepare an income statement, statement of shareholder's equity, and a balance sheet of December
Hello, may I get help with these questions?
From trial balance, prepare an income statement, statement of shareholder's equity, and a balance sheet of December 31,204. (No cash flow statement) Draft closing entries. Do NOT post the closing entries. \begin{tabular}{|l|l|r|r|} \hline & ADJUSTED TRIAL BALANCE & & \\ \hline AccountNumber & Account & & \\ \hline 111 & Cash & Debit & Credit \\ \hline 112 & Accounts Receivable & & \\ \hline 113 & Prepaid Insurance & 5600 & \\ \hline 114 & Chemical Supplies & & \\ \hline 121 & Equipment & 600 & \\ \hline 122 & Accumulated Depreciation & 90 & \\ \hline 211 & Accounts Payable & 2200 & \\ \hline 212 & Accruals Payable & & \\ \hline 213 & Unearned Revenue & & 250 \\ \hline 221 & Note Payable & & 200 \\ \hline 311 & Capital Stock & & 2000 \\ \hline 312 & Retained Earnings & 300 & \\ \hline 313 & Dividends & & \\ \hline 411 & Service Revenue & & 1100 \\ \hline 511 & Utilities Expense & 90 & \\ \hline 512 & Supplies Expense & 105 & \\ \hline 513 & Insurance Expense & & \\ \hline 514 & Depreciation Expense & & \\ \hline 515 & Tax Expense & & \\ \hline & Rent expense & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} FINANCIAL STATEMENTS
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