Part 1: Using the given data found on page 1 of the file below, create the Adjusted Trial Balance. The Adjusted Trial Balance must be in the proper format shown in the textbook, which is in Chart of Accounts order (not alphabetical order).

Part 2: Using the Adjusted Trial Balance from Part 1, properly prepare the following annual statements: 1) Income Statement, 2) Statement of Equity, and 3) classified Balance Sheet.

ACCT 1110 ~ Manual Preparing Statements #3 All Inclusive Requirements: 1) Using the data provided below, prepare the adjusted trial balance for the company in chart of accounts order (not alphabetical order). The balance listed for each account is the normal balance for that type of account. 2) Using the adjusted trial balance, prepare the annual a) single-step income statement, b) statement of equity, and c) classified balance sheet (in report form). Upload your completed assignment (as one document for me to print) back into Document Sharing in My AccountingLab! The All Inclusive Company December 31, 2020 Account Names Accounts Payable Accounts Receivable Accumulated Depreciation, Building Accumulated Depreciation, Equipment Accumulated Depreciation, Furniture Advertising Expense Allowance for Bad Debts Bad Debts Expense Building Cash Cost of Goods Sold Delivery Expense Depreciation Expense, Building Depreciation Expense, Equipment Depreciation Expense, Furniture Equipment Estimated Contingency Loss/Expense Estimated Contingency Payable Estimated Returns Inventory Estimated Warranty Payable Furniture Insurance Expense Interest Expense Interest Payable Interest Receivable Interest Revenue Balance 7,000 80,000 10,000 15,000 6.000 6,000 8.000 5,000 250,000 15.000 375,000 3.000 10,000 5,000 2,000 75,000 12.000 12.000 4,000 10.000 55.000 1,000 4,000 2.000 1,000 13,000 Account Names Land Merchandise Inventory Miscellaneous Expense Notes Payable, 4 month Notes Payable, long-term Notes Receivable, current Owner, Capital Owner, Withdrawals Prepaid Insurance Prepaid Rent Refunds Payable Rent Expense Salaries Expense Salaries Payable Sales Discounts Forfeited Sales Revenue Sales Tax Payable Service Revenue Supplies Supplies Expense Unearned Revenue Utilities Expense Utilities Payable Wages Expense Wages Payable Warranty Expense Balance 100,000 65,000 1,000 8.000 200,000 25,000 287,000 60,000 3,000 2.000 9,000 6,000 62,000 2,000 4,000 650.000 4.000 100.000 1.000 3.000 33,000 11,000 1.000 133,000 5,000 11,000 During the year, the owner contributed an additional $7,000 into the business! TRIAL BALANCE Account Name Debit Credit Adjusted Trial Balance (continued) Account Name Debit Credit Financial Statement Titles Financial Statement Titles Financial Statement Titles