Prepare a Financial Statements Based on trial balance below,  The financial statements should be prepared in good form in accordance with Generally Accepted Accounting Principles. The company follows a monthly accounting period. Jim's electric services trial balance December 31,20xx

 

cash 2,000

accounts receivable 800, supplies 1,500, vehicle 10,000, accounts payable 2,500, Jim smith capital 11,500, Jim smith drawing 3,000, Electrical Services Revenue 6,900, rent expense 3,000, utilities expense 600, totals 20,900