I need to come up with a completed Multi-step Income Statement, Statement of Changes in Retained Earnings, Classified Balance Sheet, and adjusted trial balance using the data given.

Credit Debit 50,000 50,000 1,200 1,200 1,200 1,200 60,000 60,000 2,400 2,400 300 Date Accounts and Explanation Aug. 1 Cash Common Stock Issued common stock Aug. 1 Rent Deposit Cash Paid rent deposit Aug. 1 Rent Expense Cash Paid rent expense Aug. 1 Cash Loans Payable Received loan Aug. 1 Prepaid Insurance Cash Purchased insurance Aug. 1 Office Supplies Accounts Payable Purchased supplies on account Aug. 1 Store Equipment Cash Accounts Payable Purchased store equipment on account Aug. 1 Office Equipment Cash Purchased office equipment Aug. 1 Phone Deposit Cash Paid phone deposit Aug. 1 Utilities Deposit Cash Paid utilities deposit Aug. 1 Advertising Expense Cash Paid advertising expense 300 79,400 10,000 69,400 9,000 9,000 150 150 200 200 1,376 1,376 171 78 5,977 623 143 Aug. 15 Novelties Inventory Accounts Payable Purchased novelties on account Aug. 16 Office Supplies Accounts Payable Purchased office supplies on account Aug. 19 Cash Sales Revenue Recorded sales revenue for week 3 Aug. 19 Cost of Ice Cream Sold Ice Cream Inventory Recorded the cost of ice cream sold Aug. 19 Cost of Novelties Sold Novelties Inventory Recorded the cost of novelties sold Aug. 22 Phone Expense Cash Paid telephone expense Aug. 22 Ice Cream Inventory Accounts Payable Purchased ice cream on account Aug. 22 Novelties Inventory Accounts Payable Purchased novelties on account Aug. 25 Accounts Payable Cash Ice Cream Inventory Novelties Inventory Paid within discount period Aug. 2 Cash Sales Revenue Recorded sales revenue for week 4 Aug. 26 Cost of Ice Cream Sold Ice Cream Inventory | Recorded the cost of ice cream sold 623 143 910 7 2 7,173 7,173 748 748 172 748 172 857 429 531 124 6,630 Aug. 26 Cost of Novelties Sold Novelties Inventory Recorded the cost of novelties sold Aug. 26 Ice Cream Inventory Accounts Payable Purchased ice cream on account Aug. 26 Novelties Inventory Accounts Payable Purchased novelties on account Aug. 26 Salaries and Wages Expense Federal Income Tax Payable State Income Tax Payable Social Security Tax Payable Medicare Payable Salaries and Wages Payable To record salaries and wages expense and payroll withholdings Aug. 26 Salaries and Wages Payable Cash To record payment of salaries and wages Aug. 26 Payroll Tax Expense Social Security Tax Payable Medicare Payable FUTA Payable SUTA Payable To record employer's payroll tax expense Aug. 31 Cash Sales Revenue Recorded sales revenue for week 5 Aug. 31 Cost of Ice Cream Sold Ice Cream Inventory Recorded the cost of ice cream sold Aug. 31 Cost of Novelties Sold Novelties Inventory Recorded the cost of novelties sold Adj. 1 Salaries and Wages Expense 6,630 964 531 124 69 240 3,585 3,585 374 374 86 621 205 205 109 500 500 200 Salaries and Wages Payable To accrue salaries expense Adj. 2 Utilities Expense Utilities Payable To accrue utilities expense Adj. 3 Supplies Expense Office Supplies To record office supplies used Adj. 4 Phone Expense Phone Payable To accrue telephone expense Adj. 6 Interest Expense Interest Payable To accrue interest expense Adj. 7 Insurance Expense Prepaid Insurance Adjust for insurance Adj. 8 Depreciation Expense - Store Equipment Accumulated Depreciation - Store Equipment Adjust for depreciation Adj. 8 Depreciation Expense - Office Equipment Accumulated Depreciation - Office Equipment Adjust for depreciation Clos. 1 Sales Revenue Income Summary To close sales revenue Clos. 2 Income Summary Cost of Goods Sold - Ice Cream Cost of Goods Sold - Novelties Rent Expense Advertising Expense Phone Expense Salaries and Wages Expense Payroll Tax Expense Utilities Expense 430 150 150 23,906 23,906 17,515 2,492 572 1,200 1,376 125 9,192 964 205 Supplies Expense Interest Expense Insurance Expense Depreciation Expense - Store Equipment Depreciation Expense - Office Equipment To close expenses Clos. 3 Income Summary Retained Earnings To close income summary 109 500 200 430 150 6,391 6,391 Common Stock 50,000 50,000 Rent Expense 1,200 1,200 Rent Deposit 1,200 1,200 #1-1 Bal. Clos. 2 #1-2 Bal. #1-2 Bal. #1-1 #1- 3 #1-12 #1-15 #1-18 #1-22 #1-25 Cash 50,000 2,400 60,000 2,400 2,391 10,000 4,780 9,000 5,977 350 7,173 1,376 3,585 2,945 300 62 910 6,630 97,533 #1-2 #1-4 #1-6 #1-7 #1-9 #1-10 #1-13 #1-14 #1-19 #1-21 #1-24 Bal. Loans Payable 60,000 60,000 #1-3 Bal. Adj. 7 Prepaid Insurance 2,400 200 2,200 #1-4 Bal. Office Supplies #1-5 300109 _#1-1778 Bal. 269 Adj. 3 #1-13 #1-14 #1-21 Accounts Payable 2,975 300 30069,400 9192,975 919 #1-5 #1-6 #1-11 #1-16 #1-17 #1-20 #1-23 Bal. 78 766 920 |71,164 #1-6 Bal. Store Equipment 79,400 79,400 #1-7 Bal. Office Equipment 9,000 9,000 #1-9 Bal. Phone Deposit 150 150 #1- 9 Bal. Utilities Deposit 200 2001 Advertising Expense #1-10 1,376 1,376 Bal. ol Clos. 2 Clos. 1 #1-11 #1-16 #1-20 #1-23 Ice Cream Inventory 2,400 249 #1-12 74724 #1-13 623 489 #1-15 748623 #1-18 #1-21 748 #1-22 374 #1-25 2,004 Novelties Inventory #1-11 575 57 #1-16 1716 #1-20 143 114 #1-23 172 143 #1-12 #1-13 #1-15 #1-18 #1-21 #1-22 #1-25 Sales Revenue 23,906 2,391 4,780 5,977 7,173 3,585 #1-12 #1-15 #1-18 #1-22 #1-25 172 86 Bal. Bal. Bal. 481 Phone Expense 62125 Clos. 2 Cost of Ice Cream Sold #1-12 249 2,492 Clos. 2 #1-15 498 #1-18 623 #1-22 748 #1-25 374 Cost of Novelties Sold #1-12 572 Clos. 2 #1-15 114 #1-18 #1-22 #1-25 #1-19 Adj. 4 Bal. Salaries and Wages Expense #1-24 8,571 9,192 Clos. 2 Adj. 1 621 Bal. 01 ol Balo Bal. Medicare Payable Federal Income Tax Payable 857 #1-24 857 Bal. State Income Tax Payable 429 #1-24 429 Bal. Social Security Tax Payable 531 #1-24 531 #1-24 1,062 Bal. 124 124 #1-24 #1-24 Bal. 248 FUTA Payable SUTA Payable Salaries and Wages Payable #1-24 6,630 6,630 #1-24 621 Adj. 1 621 Bal. Payroll Tax Expense #1-24 964 964 Bal. Clos. 2 240 #1-24 Bal. #1-24 Bal. 240 Phone Payable Utilities Expense 205 205 ol Adj. 2 Bal. Clos. 2 Utilities Payable 205 205 Clos. 2 Supplies Expense Adj. 3 109 109 Balol Adj. 4 Adj. 2 Bal. Bal. Interest Expense Adj. 6 500 500 Balol Clos. 2 Interest Payable 500 500 Adj. 6 Bal. Adj. 7 Bal. Insurance Expense 200 200 0 - Clos. 2 Depreciation Expense - Store Equipment Adj. 8 430 430 Clos. 2 Bal. 0 Accumulated Depreciation - Store Equipment 430 Adj. 8 430 Bal. Depreciation Expense - Office Equipment Adj.8 150 150 Clos. 2 Accumulated Depreciation - Office Equipment 150 Adj. 8 150 Bal. Income Summary 17,515|23,906 6,391 Clos. 2 Clos. 3 Clos. 1 Bal. Bal. Retained Earnings 6,391 16,391 Clos. 3 Bal. 23,906 2492 572 20,842 9192 964 1200 1376 580 13312 Fantastic Accounting Income Statement Month Ended August 31, 2019 Sales Cost of Goods Sold - Scoops Cost of Goods Sold - Novelties Gross Profit Operating Expenses: Selling Expenses: Salaries and wages Expense Payroll Tax Expense Rent Expense Advertising Expense Depreciation Expense - Equipment Total Selling Expenses Adminstrative Expenses: Utilities Expense Telaphone Expense Insurance Expense Office Supplies Expense Total Administrative Expenses Total Operating Expenses Operating Income: Other Income and (Expenses): Sales Discounts Forfeited Interest Expense Total Other Income and (expenses): Income Before Income Tax Expense Income Tax Expense Net income 205 125 200 109 639 13951 500 Fantastic Accounting Balance Sheet August 31, 2019 Assets Current Assets: Cash Accounts Receivable Ice Cream Inventory Novelties Inventory Office Supplies Prepaid Insurance Prepaid Rent Total Current Assets Property, Plant, and Equipment Store Equpment Less: Accumulated Deprication - Equipment Total Property, Plant, and Equipment Other Assets: Rent Deposit Utility and Phone Deposit Total Other Assets Total Assets Liabilities Current Liabilities: Accounts Payable Utilities Payable Salaries and Wages Payable Interest Payable FIT Payable Sit Payable Social Security Tax Payable Medicare Taxes Payable Unearned Revenue Total Current Liabilities Long-term Liabilities: Notes Payable Total Liabilities Stockholders's Capital Stock Retained Earning Total Stockholders' Equity Total Liability and Stockholders' Equity