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hi, i neeed help with this. Using your T-Accounts worksheet balances from the previous assignment, prepare a handwritten Trial Balance . Remember to put a

hi, i neeed help with this.

Using your T-Accounts worksheet balances from the previous assignment, prepare a handwritten Trial Balance.

Remember to put a three line heading on it (name of the "statement" is just Trial Balance, and the date is the last day of the month - May in this case. Choose any four-digit year you want. There is a form in the Angel's Delivery Service module if you'd like to use it, but it's not required. Notebook paper is just fine.

1b. The debits should equal the credits. If they don't, review the Chapter 2 Lectures Module for a lecture on help with Trial Balance Errors. You may also ask me or a fellow student for assistance, as a fresh set of eyes can often find an error. (This is not a group assignment, however, so you must do your own work.)

Prepare the Financial Statements:

2. Using the Trial Balance, prepare a properly formatted Income Statement (Chapter 1), a Statement of Owner's Equity balance, remember that Alice opened her business during the day on May 1st, so how much equity was there at the very beginning of the day, before she opened the bank account? Did sheinvest any money in the company?), and prepare a Balance Sheet

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Angel's Delivery Service - Transactions Summary Letter Date Transaction Description A May 1 Alice invested $40,000 in the business checking account B May 7 Bought delivery trucks on account, $25,000 C May 8 Advertising bill received but unpaid, $800 D May 9 Bought office equipment for cash, $2,500 E May 12 Received cash for delivery services rendered, $13,000 F May 15 Paid salaries expense, $1,850 G May 15 Paid gas expense for company trucks, $750 H May 19 Billed customers for delivery services rendered, $5,500 May 21 Paid telephone bill, $400 May 27 Received $1,600 as partial payment of May 19 transaction K May 27 Alice took $88 out of her business checking account to pay h home phone bill INote: eave a pank ne perween transacuons Angel's Delivery Service Blank Forms For Financial Statements Challenge from Ch I: Use the Trial Balance To Create an Income Statement Use the Trial Balance To Create an Statement of Owner's Equity Use the Trial Balance To Create a Balance Sheet

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