onsider the unadjusted trial balance of

Burrows

Landscaping at

December

31,

2020,

and the related month-end adjustment data.

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Required

1.	Prepare the adjusted trial balance of Burrows Landscaping at December 31, 2020 by sketching T-accounts in your notes to calculate the new balances.
2.	Prepare the income statement and the statement of owner's equity for the year ended December 31, 2020, and the balance sheet at December 31, 2020. Write a short description of how the three financial statements are linked.

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Part 1

Requirement 1. Prepare the adjusted trial balance of

Burrows

Landscaping at

December

31,

2020

by sketching T-accounts in your notes to calculate the new balances. (If a box is not used in the adjusted trial balance, leave the box empty; do not enter a zero.)

	Burrows Landscaping
	Adjusted Trial Balance
	December 31, 2020
		Balance
	Account Title	Debit	Credit
	Cash
	Accounts receivable
	Supplies
	Prepaid rent
	Equipment
	Accumulated amortizationequipment
	Accounts payable
	Salaries payable
	A. Burrows, capital
	A. Burrows, withdrawals
	Landscaping design revenue
	Salaries expense
	Rent expense
	Utilities expense
	Amortization expenseequipment
	Supplies expense
	Total

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Unadjusted trial balance

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Burrows Landscaping
Unadjusted Trial Balance
December 31, 2020
		Balance
	Account Title	Debit	Credit
	Cash	$34,500
	Accounts receivable	22,000
	Supplies	5,500
	Prepaid rent	9,000
	Equipment	66,000
	Accumulated amortizationequipment		$12,650
	Accounts payable		7,200
	Salaries payable		0
	A. Burrows, Capital		122,700
	A. Burrows, Withdrawals	25,000
	Landscaping design revenue		136,000
	Salaries expense	82,000
	Rent expense	22,500
	Utilities expense	6,000
	Amortization expenseequipment	6,050
	Supplies expense	0
	Total	$278,550	$278,550