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Question 2 (15 marks each for the statements, total 45 marks) The following is the adjusted trial balance for Thompson on December 31, 2019. Credit

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Question 2 (15 marks each for the statements, total 45 marks) The following is the adjusted trial balance for Thompson on December 31, 2019. Credit 1,800 Thompson Trucking Adjusted Trial Balance December 31, 2019 Debit Cash 41,050 Accounts receivable 7,500 Packing supplies 800 Prepaid rent 450 Truck 26,000 Accum. Amortization, Truck Computer 1,200 Accum. Amortization, Computer Accounts payable Salary payable Unearned revenue Thompson, Capital J. Thompson, Withdraw 500 Delivery Fees earned Amortization expense, truck 1,800 Amortization expense, computer 150 Rent expense 1,350 Salary expense 5,300 Utility expense 900 Telephone expense Packing supplies expense 150 3,200 1,900 2,000 66,000 17,500 850 4,700 Total 92,550 92,550 150 3,200 1,900 2,000 66,000 500 Accum. Amortization, Computer Accounts payable Salary payable Unearned revenue 1. Thompson, Capital J. Thompson, Withdraw Delivery Fees earned Amortization expense, truck Amortization expense, computer Rent expense Salary expense Utility expense Telephone expense Packing supplies expense 17,500 1,800 150 1,350 5,300 900 850 4,700 Total 92,550 92,550 Prepare an income statement, statement of changes in equity and a balance sheet for the first three months of business ending December 31, 2019. (15 Marks each for the statements)

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