PS Music Adjusted Trial Balance July 31, 2019 Debit Balances Credit Balances Cash 9,945 Accounts Receivable 4,150 Supplies 275 Prepaid Insurance 2,475 Office Equipment 7,500 Accumulated Depreciation-Office Equipment 50 Accounts Payable 8,350 140 Wages Payable Unearned Revenue 3,600 9,000 Peyton Smith, Capital Peyton Smith, Drawing Fees Earned 1,750 21,200 3,610 Music Expense 2,940 Wages Expense Office Rent Expense Advertising Expense 2,550 1,500 1,375 1,215 Equipment Rent Expense Utilities Expense Supplies Expense Insurance Expense Depreciation Expense 50 Miscellaneous Expense 1,855 42,340 42,340 b. Prepare a statement of owner's equity for the two months ended July 31, 2019. (Note: Peyton Smith made investments in PS Music on June 1 and July 1, 2019.) If an amount is zero, enter in a "0". PS MUSIC c. Prepare a balance sheet as of July 31, 2019. PS MUSIC Balance Sheet July 31, 2019