Once you have completed and checked your work, your employer (KBS company) asked you to create Financial Statements. Be sure to do the Income Statement, Statement of Owners Equity, and Balance Sheet for the company. Make sure you do each Financial Statement in good form, including the appropriate Title Information for each statement. Once you have ensured your Adjusted Trial Balance is correct, you are all set to proceed to the Financial Statements. Continue to use the excel templates provided. Use the lecture, assignments, and resources as a reference.

Unadjusted Trial Balance
Account	Act. #	Debit	Credit
Cash	101	17549
Accounts Receivable	105	11000
Supplies	108	600
Prepaid Insurance	111	100
Equipment	150	10000
Accounts Payable	210		9000
Unearned Service Revenue	220		1500
Federal Income Tax Payable	230		256
FICA Tax Payable	240		330
Medicare Payable	250		78
Federal Unemployment Payable	260		2
State Unemplyment Payable	270		36
Salaries Payable	280		300
R Blended Capital	301		20000
R Blended Drawing	301.1	400
Income Summary	310
Service Revenue	410		13000
Salaries Expense	510	2660
Telephone Expense	520	200
Supplies Expense	530	400
Insurance Expense	540	1100
Depreciation Expense	550	200
Bank Fee Expense	560	50
Payroll Taxes Expense	570	243
		44502	44502