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Problem 2-9 A Preparing financial statements from a trial balance 106 Credit Hipster Optical Trial Balance May 31, 2020 Account Title Cash Accounts receivable office
Problem 2-9 A Preparing financial statements from a trial balance 106 Credit Hipster Optical Trial Balance May 31, 2020 Account Title Cash Accounts receivable office supplies Prepaid insurance office equipment Accounts payable Unearned service revenue Peeta Black, capital Peeta Black, withdrawals Services revenue Wages expense Rent expense Utilities expense Totals Acct. No 101 106 124 128 163 201 230 301 302 403 623 640 690 Debit $18,600 8,580 6,500 9,920 25,700 $ 1,610 7,900 56, 400 1,490 25, 790 15,100 4,400 1.410 $91,788 $91,700 Required: Using the trial balance provided above, prepare an income statement and statement of changes in equity for the first month ended May 31, 2020, and a balance sheet at May 31, 2020
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