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helpp pleasee Page 3 of 12 2. The trial balance of S.P. Waters on April 30, 2022, after a fiscal period of one year, is
helpp pleasee
Page 3 of 12 2. The trial balance of S.P. Waters on April 30, 2022, after a fiscal period of one year, is shown below. Complete this six-column work sheet, then prepare the income statement and classified balance sheet. (5 marks) Trial Balance Income Statement Balance Sheet DR CR Accounts Bank Accounts Receivable Supplies Equipment Automobiles Bank Loan Accounts Payable GST Payable GST Recoverable S.P. Waters, Capital S.P. Waters, Drawings Commissions Earned Advertising Expense Car Expense Miscellaneous Expense Rent Expense Telephone Expense Utilities Expense Wages Expense DR 10 502 1502 415 150 3.570 1 420 300 15 000 5 690 2 140 350 12 000 1 750 850 15 940 70 077 CR 4 000 685 450 9 942 55 000 70 077 DR CR a) Page 4 of 12 Income Statement.... Use proper form! (5 marks) Page 5 of 12 b) Classified Balance Sheet .... Use proper form! (10 marks)Step by Step Solution
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