problem 2-14v preparing financial statements from trial balance

Lincoln Landscaping

Trial balance

acct no account debit credit

101 cash 23,720

106 accounts receiveable 18,600

128 prepaid insurance 13,750

167 equipment 64,600

201 accounts payable 37,500

233 unearned revenue 2,800

251 long term notes payable 58,000

301 brielle lincoln - capital 65,000

302 brielle lincoln - withdrawal 8,950

401 revenue 29,100

623 wages expense 59,000

645 rental expense 1,100

655 advertising expense 1.750

684 repairs expense 930

totals 192,400 192,400

using the trial balance provided above, prepare an income statement and a statement of changes in equity for the first three months and did July 31, 2023 and a balance sheet at July 31, 2023

analysis component: analyze the balance