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Prepare an INCOME STATEMENT, STATEMENT OF OWNERS EQUITY AND BALANCE SHEET. Earth Bakery LTD Trial Balance July 31, 2020 Account Titles Trial Balance Dr. Cr.
Prepare an INCOME STATEMENT, STATEMENT OF OWNERS EQUITY AND BALANCE SHEET.
Earth Bakery LTD
Trial Balance July 31, 2020
Account Titles | Trial Balance | |
Dr. | Cr. | |
Cash | 950.00 |
|
Account Receivable | 600.00 |
|
Supplies | 150.00 |
|
Prepaid Rent | 500.00 |
|
Prepaid Insurance | 400.00 |
|
Equipment | 5,000.00 |
|
Accumulated Depreciation |
| 1,000.00 |
Account Payable |
| 600.00 |
Capital |
| 3,500.00 |
Revenue |
| 3,430.00 |
Wages Expense | 400.00 |
|
Depreciation Expense | 100.00 |
|
Rent Expense | 250.00 |
|
Supplies Expense | 100.00 |
|
Insurance Expense | 80.00 |
|
|
| |
Total | 8,530.00 | 8,530.00 |
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