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Needs Grading The following adjusted trial balance contains the accounts and balances of Zahid Company as of December 31, 2019, the end of its
Needs Grading The following adjusted trial balance contains the accounts and balances of Zahid Company as of December 31, 2019, the end of its fiscal year. Cash Supplies Prepaid insurance Furniture Office equipment Debit (Amount S) 3,000 5,000 6,000 4,000 16,000 Credit (Amount $) Accumulated depreciation-Office equipmen 2,000 t Unearned service revenue 3,400 Zahid, Capital 21,000 Zahid, Withdrawals 2,100 Services revenue 16,600 Interest revenue 2,000 Depreciation expense-Office equipment 2,400 Salaries expense 2,500 Utilities expenses 1,300 Selling expenses TOTAL 2,700 45,000 45,000 a Required: a. Prepare an Income statement for the year ended December 31st 2019 b. Prepare a Statement of owners' equity for the year ended December 31st 2019 c. Prepare a balance sheet as on December 31st 2019 Activate Windows Go to Settings to activate Windows
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