Please prepare INCOME STATEMENT: DON'T FORGET THE TITLE AND DEBITS AND CREDIT WHERE APPLICABLE

1 2 3 3 4 CREDIT 5 6 6 7 11 13 Sophie Smith, Paralegal Trial Balance Sunday, January 31, 2021 # ACCOUNT DEBIT 5 100 General Bank Account $ 21,804.00 110 Trust Bank Account $ 5,200.00 120 Accounts Receivable $ 3,567.00 8 130 Office Supplies $ 1,234.00 9 155 Computer Equipment $ 5,243.00 10 158 Office Furniture and Equipment $ 34,200.00 160 Office Equipment $ 1,950.00 12 200 Accounts Payable/General Liabilities $ 210 Credit Card Debt $ 250 Bank Line of Credit $ 300 Sophie Smith, Capital $ 350 Sophie Smith, Drawings $ 4,000.00 17 400 Fees Earned $ 405 Interest Revenue $ 19 507 Bank Charges $ 635.00 20 511 Salaries Expense $ 3,200.00 21 529 Interest Expense $ 235.00 530 Professional Liability Insurance $ 2,500.00 534 Membership & Professional dues $ 267.00 538 Rent Expense $ 2,200.00 565 Telephone Expense $ 180.00 Total $ 86,415.00$ 5,150.00 5,325.00 8,000.00 42,000.00 14 15 16 25,440.00 500.00 18 22 23 24 25 26 86,415.00