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Instructions: 1. Prepare an income statement for the year ended June 30. 2. Prepare statement of owner's equity for the year ended June 30. Additional
Instructions: 1. Prepare an income statement for the year ended June 30. 2. Prepare statement of owner's equity for the year ended June 30. Additional investments were made during the year, 15,600. 3. Prepare a balance sheet as of June 30. Bonus points: 4. Prepare closing entries (1.5 points) Bonus points: 5. Prepare post-closing trial balance. (1.5 points) Student Co. Adjusted Trial Balance June 30, 2021 Debit Credit Balances Balances Cash 1182 Accounts Receivable 6,400 Supplies Prepaid Insurance Land 3,600 3,900 20,000 Equipment 232,600 Accumulated Depreciation 132,700 Accounts Payable 1182 Bond Payable 1,400 Mortgage Payable 20,000 Unearned Rent 1,100 Sara Ricchi, Capital 105,600 Sara Ricchi, Drawing 1904 Fees earned 232,200 Interest Revenue 1904 Wages Expense Rent Expense 126,300 45,000 Utilities Expense 19,700 Supplies Expense 17,900 Depreciation Expense 6,500 Insurance Expense 5,700 Miscellaneous Expense 5,400
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