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Please prepare a Balance Sheet, Income Statement, Share holders equity, and Statement of cash flows based on the following trial balance sheet: Trial Balance November

Please prepare a Balance Sheet, Income Statement, Share holders equity, and Statement of cash flows based on the following trial balance sheet:

Trial Balance

November 30th, 2022
Account Title Debit Credit
Cash 43,061
Petty Cash 265
Accounts Receivable 20600
Supplies on Hand 650
Prepaid Insurance 79
Computer Equipment 3450
Accumulated Depreciation-Computer Equipment 139.58
Cell Phone 849
Accumulated Depreciation-Cell Phone 33.29
Office Building 200,000
Accumulated Depreciation- Office Building 1,388.88
Accounts Payable 1,080
Customer Deposits (Unearned Revenue) 0
SUTA Payable 60
FICA Payable 459.52
FUTA Payable 30
Federal Income Tax Payable 450
State Income Tax Payable 150
Current Maturities of Long-Term Debt 2,032
Notes Payable (Long-Term) 177609
Interest Payable 778.44
Salaries Payable 1085
Common Stock ($2 par value) 10,000
Additional Paid-in Capital on Common Stock 40,000
Retained Earnings 0
Dividends 500
Engagement Fees 8,000
Monthly Accounting Services Revenue 12,900
Hourly Accounting Services Revenue 23,700
Tax Services Revenue 2500
Sales Discounts 41
Advertising & Promotion Expense 600
Depreciation Expense 1561.78
Rent Expense 500
Insurance Expense 417
Supplies Expense 300
Meals & Entertainment 60
Taxes and Licenses 295
Telephone Expense 100
Utilities Expense 580
Fuel Expense 100
Interest Expense 2,626
Payroll Tax Expense 400
Salaries Expense 3,750
Service Charge Expense 80
Charitable Contributions Expense 300
Furniture & Equipment Expense 500
Janitorial Expense 300
Pest Control Expense 35
Postage & Delivery Expense 0
Professional Fees Expense 175
Repairs & Maintenance Expense 220
282,395.71 282395.71
282,395.71 282,395.71

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