Instructions Finders Investigative Services is an investigative services firm that is owned and operated by Stacy Tanner. On June 30,20Y3, the end of the fis Required: 1. Prepsre an income statement, a statement of owner's equity (no additional inv 2. Joumslize the entries that were required to close the accounts at June 30 .* CHART OF ACCOUNTS Finders Investigative Services General Ledger ASSETS 11 Cash 12 Accounts Receivable 13 Supplies 14 Prepaid Insurance 16 Building 17 Accumulated Depreciation-Building LIABILITIES 21 Accounts Payable 22 Salaries Payable 23 Unearned Rent EQUITY 31 Stacy Tanner, Capital 32 Stacy Tanner, Drawing 33 income Summary REVENUE 41 Service Fees 42 Rent Revenue EXPENSES 51 Salaries Expense 52 Rent Expense 53 Supplies Expense 54 Depreciation Expense-Building 55 Utilities Expense 56 Repairs Expense 57 Insurance Expense 59 Miscellaneous Expense Labels and Amount Descriptions Labels Curnent asseis Current liabilities Expenses For the Year Ended June 30, 20Y3 June 30,20Y3 Property, plant, and equipment Revenues Amount Descriptions Decrease in owner's equity Increase in owner's equity Net income Net loss Stacy Tanner, capital, July 1, 20 V2 Stacy Tanner, capital, June 30, 20Y3 Total assets Total current assets Total expenses Total liabilities Total liabilifies and owner's equity Total property, plant, and equipment Total revenues Withdrawals Income Statement 1. Prepare an income statement for the year ended June 30,20Y3. Be sure to complete Chart of Accounts and the list of Labels and Amount Descriptions for the exact wording 0 entries. Enter amounts as positive numbers umless the amount is a calculation that result example: Net loss should be negative. Expenses should be positive. You will not need to statement. Finders Investigative Services Income Statement (cec(1) 1. Prepare a statement of owner's equity for the year ended June 30, 20Y3. No additional investmer Be sure to complete the statement heading. Refer to the list of Labels and Amount Descriptions for t answer choices for text entries. For those boxes in which you must enter subtracted or negative num Balance Sheet 1. Prepare a balance sheet as of June 30,20y3. Fxed assets must be entered in order according account number. Be sure to complete the statement heading Refer to the Chart of Accounts and t Labels and Amount Descriptions for the exact wording of the answer choices for text entries. You need to enter colons () or the word Less' on the balance sheet; they will automatically insert whe necessary. Enter all values as positive amounts. Finders lnvestigative services Balance Sheet 12(Latel)345677(Label) Assels 9 10 11 12 13 Liabilities 14 (Labe) 15 16 17 19 15 Ormers Equig 2. Based upon the end-of-period spreadsheet, journalize the closing entries. Refer to the chart of accounts for the exact wording of lines for joumal explanations. Every line on a joumal page is used for debit or credit entries. CNOW journals will automatically inden 3. If Stacy Tanner, Capital has instead decreased $30,000 after the closing entries were posted, and the withdrawals remained the same, what would have been the amount of net income or net loss? Enter a net loss as a negative amount using a minus sign. Instructions Finders Investigative Services is an investigative services firm that is owned and operated by Stacy Tanner. On June 30,20Y3, the end of the fis Required: 1. Prepsre an income statement, a statement of owner's equity (no additional inv 2. Joumslize the entries that were required to close the accounts at June 30 .* CHART OF ACCOUNTS Finders Investigative Services General Ledger ASSETS 11 Cash 12 Accounts Receivable 13 Supplies 14 Prepaid Insurance 16 Building 17 Accumulated Depreciation-Building LIABILITIES 21 Accounts Payable 22 Salaries Payable 23 Unearned Rent EQUITY 31 Stacy Tanner, Capital 32 Stacy Tanner, Drawing 33 income Summary REVENUE 41 Service Fees 42 Rent Revenue EXPENSES 51 Salaries Expense 52 Rent Expense 53 Supplies Expense 54 Depreciation Expense-Building 55 Utilities Expense 56 Repairs Expense 57 Insurance Expense 59 Miscellaneous Expense Labels and Amount Descriptions Labels Curnent asseis Current liabilities Expenses For the Year Ended June 30, 20Y3 June 30,20Y3 Property, plant, and equipment Revenues Amount Descriptions Decrease in owner's equity Increase in owner's equity Net income Net loss Stacy Tanner, capital, July 1, 20 V2 Stacy Tanner, capital, June 30, 20Y3 Total assets Total current assets Total expenses Total liabilities Total liabilifies and owner's equity Total property, plant, and equipment Total revenues Withdrawals Income Statement 1. Prepare an income statement for the year ended June 30,20Y3. Be sure to complete Chart of Accounts and the list of Labels and Amount Descriptions for the exact wording 0 entries. Enter amounts as positive numbers umless the amount is a calculation that result example: Net loss should be negative. Expenses should be positive. You will not need to statement. Finders Investigative Services Income Statement (cec(1) 1. Prepare a statement of owner's equity for the year ended June 30, 20Y3. No additional investmer Be sure to complete the statement heading. Refer to the list of Labels and Amount Descriptions for t answer choices for text entries. For those boxes in which you must enter subtracted or negative num Balance Sheet 1. Prepare a balance sheet as of June 30,20y3. Fxed assets must be entered in order according account number. Be sure to complete the statement heading Refer to the Chart of Accounts and t Labels and Amount Descriptions for the exact wording of the answer choices for text entries. You need to enter colons () or the word Less' on the balance sheet; they will automatically insert whe necessary. Enter all values as positive amounts. Finders lnvestigative services Balance Sheet 12(Latel)345677(Label) Assels 9 10 11 12 13 Liabilities 14 (Labe) 15 16 17 19 15 Ormers Equig 2. Based upon the end-of-period spreadsheet, journalize the closing entries. Refer to the chart of accounts for the exact wording of lines for joumal explanations. Every line on a joumal page is used for debit or credit entries. CNOW journals will automatically inden 3. If Stacy Tanner, Capital has instead decreased $30,000 after the closing entries were posted, and the withdrawals remained the same, what would have been the amount of net income or net loss? Enter a net loss as a negative amount using a minus sign