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Question 2 (16 Marks) The adjusted trial balance at October 31, 2022 is presented below for WAYNE Limited: WAYNE LIMITED Cash.. Accounts receivable. Prepaid
Question 2 (16 Marks) The adjusted trial balance at October 31, 2022 is presented below for WAYNE Limited: WAYNE LIMITED Cash.. Accounts receivable. Prepaid insurance Supplies. Equipment...... Trial Balance October 31, 2022 Accumulated depreciation-equipment. Building....... Accumulated depreciation-building... Accounts payable... Deferred revenue Bank loan payable Common shares.. Retained earnings. Service revenue Salaries expense Rent expense... Insurance expense.. Utilities expense. Supplies expense.. Depreciation expense. Interest expense Income tax expense. Totals Debit Credit $5,200 70,100 19,100 2,150 34,000 $ 1,700 81,785 8,179 39,200 42,600 37,100 69,500 13,700 113,300 58,099 25,200 13,100 6,650 4,500 3,745 1,500 150 $325,279 $325,279 Instructions Prepare a statement of income (5.5), statement of changes in equity (3), and statement of financial position for the year ended October 31, 2022 (7.5).
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