Question 1 of 5 Cr. CARLA VISTA COMPANY Trial Balance August 31, 2020 Before Adjustment Dr. Cr. Cash $10,500 Accounts Receivable 8,600 Supplies 2,300 Prepaid Insurance 3,900 Equipment 13,000 Accumulated Depreciation-Equipment $3,700 Accounts Payable 5,900 Salaries and Wages Payable 0 Unearned Rent Revenue 1,400 Owner's Capital 13,900 Service Revenue 34,200 Rent Revenue 11,200 Salaries and Wages Expense 16,800 Supplies Expense 0 Rent Expens 15,200 After Adjustment Dr. $10,500 9,600 500 2,500 13,000 $4,300 5,900 1,400 600 13,900 35,200 12,000 18,200 1.800 15,200 Question 1 of 5 1,800 Supplies Expense Rent Expense Insurance Expense Depreciation Expense 15,200 0 0 $70,300 15,200 1,400 600 $73,300 $70,300 $73,300 CARLA VISTA COMPANY Income Statement For the Year Ended August 31, 2020 Revenues Service Revenue 35,200 Rent Revenue 12,000 Total Revenues 47,200 Expenses Salaries and Wages Expense 18,200 Supplies Expense 1,800 Rent Expense 15.2001 Insurance Expense 1,400 i Depreciation Expense 600 i Total Expenses 37,200 Net Income /(Loss) 10,000 eTextbook and Media Prepare the owner's equity statement for the year. CARLA VISTA COMPANY Owner's Equity Statement For the Year Ended August 31, 2020 Owner's Capital, September 1, 2019 13,900 Add V: Net Income/(Loss) 10,000 Owner's Capital, August 31, 2020 $ 23.900 Prepare the balance sheet at August 31. (List Assets in order of liquidity.) CARLA VISTA COMPANY Balance Sheet Assets $ Liabilities and Owner's Equity Current Assets Liabilities Expenses Intangible Assets Long term Investments Long term Liabilities Property, Plant and Equipment Revenues Owner's Equity Total Assets Total Current Assets Total Current Liabilities Total Expenses Total Intangible Assets Total Liabilities Total Liabilities and Owner's Equity Total Long term Investments Total Long term Liabilities Total Property, Plant and Equipment Liabilities and Owner's Equity