Question
Question 2 [30 points] Jan Taylor started Velor Inc. on September 1, 2014. The adjusted trial balance shown below has been prepared for Velor
Question 2 [30 points] Jan Taylor started Velor Inc. on September 1, 2014. The adjusted trial balance shown below has been prepared for Velor Inc. as of September 30, 2014. Use this information to prepare the income statement a statement of changes in equity for the month ended September 30 along with the September 30 balance sheet Vilor Inc Adjusted Trial Balance September 30, 2014 Debit Credit Accounts payable 36,500 Accumulated depreciation, machinery 18,500 Select Income Statement elect one) Share Retained Total Capital Eamings Equity Accumulated depreciation, trucks Commissions samed 11,000 72,000 Consulting revenue eamed $4,000 Depreciation expense, machinery 18.500 Depreciation expense, trucks 11.000 Dividends Interest eamed Interest expensa Interest receivable, Machinery, Prepaid interest Renteamed Rent expense Rank payable 35,500 27,500 Stawment of Changes in Equity selectora 10,500 33,000 112,500 838 23,500 40,500 XANH 50,000 43,500 toelect one) Rent receivable 47,000 Dhare capital 65,000 DANILON Trucks 80,500 Unearned consulting revenue 21,500 Totals 430,000 30,000 please use proper accounting terms 334
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