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help!!!! Financial Statements Wilhelm Kohl started a business in May 20-- called Kohl's Home Repair The trial balance and analysis of the change in owner's
help!!!! Financial Statements Wilhelm Kohl started a business in May 20-- called Kohl's Home Repair The trial balance and analysis of the change in owner's equity for the month of May are shown. Kohl's Home Repair Trial Balance May 31, 20- Debit Credit Balance Balance Account Cash 15,280 2,800 400 Accounts Receivable Office Supplies Prepaid Insurance Equipment 900 9,000 Van 9,000 Accounts Payable 5,000 + Wilhelm Kohl, Capital 25,000 Wilhelm Kohl, Drawing 2,000 Service Fees 11,000 Rent Expense 900 Wages Expense 500 Phone Expense 100 Gas and Oil Expense 120 11 Ann 11 nnn 25,000 Wilhelm Kohl, Capital Wilhelm Kohl, Drawing 2,000 Service Fees 11,000 Rent Expense 900 Wages Expense 500 Phone Expense 100 Gas and Oil Expense 120 Totals 41,000 41,000 Change in owner's equity: Wilhelm Kohl's original investment in the business $25,000 + Net Income for the month $9,380 2,000 - Owner's drawing Increase (decrease) in capital Ending owner's equity 7,380 $32,380 Required: 1. Prepare an income statement for Kohl's Home Repair for the month ended May 31, 20-- Kohl's Home Repair Income Statement For Month Ended May 31, 20-- 1. Prepare an income statement for Kohl's Home Repair for the month ended May 31, 20-- Kohl's Home Repair Income Statement For Month Ended May 31, 20- Total expenses 00 2. Prepare a statement of owner's equity for Kohl's Home Repair for the month ended May 31, 20-- Kohl's Home Repair Statement of Owner's Equity For Month Ended May 31, 20-- Total investment Statement of Owner's Equity For Month Ended May 31, 20-- Total Investment 3. Prepare a balance sheet for Kohl's Home Repair as of May 31, 20-
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