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need andwer fast please Using the trial balance prepared for Binbutti Engineering given below: Acet.No. 101 106 128 163 167 173 103 201 251 301
need andwer fast please
Using the trial balance prepared for Binbutti Engineering given below: Acet.No. 101 106 128 163 167 173 103 201 251 301 302 401 623 645 655 684 BINDUTTI ENGINEERING Trial Balance July 31, 2020 Account Title Cash Accounts receivable Prepaid insurance office equipment Drafting equipment Building Land Accounts payable Long-term notes payable Bob Binbutti, capital Bob Binbutti, withdrawala Engineering revenue Wages expense Equipment rental expense Advertising expense Repairs expense Totals Debit Credit $ 97,350 13,600 12.500 18,200 136,200 192,000 136,000 $ 15,540 145,200 456,000 1,800 42,000 28,000 14,800 6,640 1,650 $658,740 $658,740 Required: Prepare an income statement and statement of changes in equity for the three months ended July 31, 2020, and a balance sheet at 21 2020 Required: Prepare an income statement and statement of changes in equity for the three months ended July 31, 2020, and a balance sheet at July 31, 2020. 46 BINBUTTI ENGINEERING Income Statement For Three Months Ended July 31, 2020 Revenues Operating expenses Total operating expenses 0 BINBUTTI ENGINEERING Statement of Changes in Equity For Three Months Ended July 31, 2020 Bob Binbutti, capital, May 1 Total 0 0 Bob Binbutti, capital, July 31 BINBUTTI ENGINEERING Balance Sheet July 31, 2020 Assets Liabilities Total liabilities 0 Equity Total assets 0 Total liabilities and equity $ 0 Step by Step Solution
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