Instructions

1. Prepare financial statements for Clip'em Cliff for the year ended August 31, 2019
Clip'em Cliff Adjusted Trial Balance for the month ended August 31, 2019
Account	Debit	Credit
Cash	$ 35,275.00
account Receivable	$ 2,500.00
Interest Receivable	$ 350.00
Supplies	$ 250.00
Equipment	$ 45,000.00
Accumulated Depreciation Equipment		$ 2,500.00
Account payable		$ 5,500.00
unearned revenue		$ 2,100.00
Income tax payable		$ 3,400.00
Common Stock		$ 70,000.00
Dividends
Interest revenue	$ 150.00
Service revenue		$ 350.00
Supplies Expenses		$ 10,300.00
Depreciation Expenses Equipment	$ 50.00
Income tax Expenses	$ 2,500.00
Salaries Expenses	$ 3,400.00
Utility Expenses	$ 75.00
Total	$ 94,150.00	$ 94,150.00