LO$4$ Prepare an adjusted trial balance

E$314$ Prepare an adjusted trial balance for Toronto Mobile Pet Grooming as at June $30,2023.$ Assume that all accounts have their normal balances. List expenses in alphabetical order.

The table has row entries as follows. Row $1.$ Accounts payable, $$4,000.$ Row $2.$ Accumulated Amortization, truck, $7,000.$ Row $3.$ Amortization expense, truck, $1,000.$ Row $4.$ Cash, $2,400.$ Row $5.$ Truck, $40,000.$ Row $6.$ Insurance expense, $200.$ Row $7.$ Les Birman, Capital, $1000.$ Row $8.$ Les Birman, Withdrawals, $8,000.$ Row $9.$ Prepaid Insurance, $1,800.$ Row $10.$ Salaries expense, $16,000.$ Row $11.$ Salaries payable, $2,000.$ Row $12.$ Service revenue, $44,000.$ Row $13.$ Grooming supplies, $4,000.$ Row $14.$ Supplies expense, $2,000.$ Row $15.$ Unearned Service revenue, $1,400.$

LO$5$ Preparing the financial statementsTotal assets, $$41,200$

E$315$ Refer to the data in E$314.$ Prepare Toronto Mobile Pet Grooming$$s income statement and statement of owner$$s equity for the year ended June $30,2023.$ Then prepare the balance sheet on that date.

LO$5$ Effect of errors on financial statementsb. Net income understated