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Prepare the Adjusted Trial Balance from problem #2. Prepare the Financial Statements from the Adjusted Trial Balance: a. Income Statement b. Equity Statement c. Balance
Prepare the Adjusted Trial Balance from problem #2. Prepare the Financial Statements from the Adjusted Trial Balance:
a. Income Statement
b. Equity Statement
c. Balance Sheet
12/31/2013 Cash Prepaid insurance Shop supplies Shop equipment Accumulated Depreciation Building Accumulated Depreciation 34,200 $1.480 5 460 13,860 1070 57500 5840 155000 N 300 550000 349860 1400 Pg3400 Land Unearned rent Lont-term notes payable Bella Hanson-Capital Rent earned Fees earned Wages Expense Utilities Expense Property taxes expense Interest Expense Totals 10 3200 $1380 4950 $0.00 $1133170 $0.00 $1331-70 Prepare the Adjusted Trial Balance from problem #2 Prepare the Financial Statements from the Adjusted Trial Balance: a)Income Statement b)Equity Statement c)Balance Sheet 12/31/2013 Cash Prepaid insurance Shop supplies Shop equipment Accumulated Depreciation Building Accumulated Depreciation 34,200 $1.480 5 460 13,860 1070 57500 5840 155000 N 300 550000 349860 1400 Pg3400 Land Unearned rent Lont-term notes payable Bella Hanson-Capital Rent earned Fees earned Wages Expense Utilities Expense Property taxes expense Interest Expense Totals 10 3200 $1380 4950 $0.00 $1133170 $0.00 $1331-70 Prepare the Adjusted Trial Balance from problem #2 Prepare the Financial Statements from the Adjusted Trial Balance: a)Income Statement b)Equity Statement c)Balance SheetStep by Step Solution
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