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Need a ten points scoring answer of accounting The following account balances, among others, appeared in the adjusted trial balance of Cortes Painting Contractors at

Need a ten points scoring answer of accounting

image text in transcribed The following account balances, among others, appeared in the adjusted trial balance of Cortes Painting Contractors at December 31, 2001. Cortes closes its book annually at December 31. E Cortes Capital (Dec. 31, 2000) $ 157,200 E Cortes Drawing 18,000 Painting Fees Earned 103,300 Paint and supplies Expense .....:1:mmmmmm!!!! 27,500 Salaries Expense 66,800 Rent Expense 24,800 Requirement a Prepare an income statement and statement of owner's equity from the above data b. Using the data given above, Record four closing entries to close the temporary accounts at December 31. 2001

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