1. Noelles Napkins Company has the following Adjusted Trial Balance on July 31st 2023

Noelles Napkins

Adjusted Trial Balance

FME July 31, 2023

Account Name Debit Credit

Cash $84,000

Accounts Receivable $75,000

Inventory $62,000

Prepaid Insurance $12,500

Supplies $8,500

Land $55,000

Building $200,000

Accum Dep-Blg $40,000

Equipment $90,000

Accum Dep-Equip $12,000

Accounts Payable $35,000

Unearned Revenue $40,000

Bonds Payable $100,000

STOCK $251,400

Retained Earnings $0

DIVIDEND $20,000

Revenue $238,000

Rent Expense $25,000

Salary Expense $76,000

Utility Expense $8,400 _______

Total $716,400 $716,400

Required:

Prepare the Income Statement, Statement of Retained Earnings & The Balance Sheet for Month end July 31st 2023 on a word document.