Karise Repairs

Adjusted Trial Balace

December 31 2015

Account Title	Debit	Credit
Cash	18,000
office supplies	1,800
prepaid insurance	2,500
equipment	55,000
accumulated depreciation equipment		5,500
accounts payable		13,000
wages payable		1,200
C. Karise, Capital		33,000
C. Karise, Withdrawals	18,500
Repair Fees Earned		113,800
Depreciation Expense-Equipment	5,500
wages expense	44,000
insurnace expense	1,000
rent expense	14,000
office suuplies expense	3,100
utilties expense	3,100
totals	$166,500	$166,500

In an Excel spreadsheet, on one tab:

Prepare an Income Statement, using formulas for totals

Prepare a Statement of Owners Equity, using formulas for totals and figures that are linked to other financial statement information

Prepare a Classified Balance Sheet, using formulas for totals and figures that are linked to other financial statement information.

The adjusted trial balance of Karise Repairs on December 31, 2015, follows.