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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 [con Income Statement Delect one) Valor Inc Adjusted Trial Balance September 30, 2014 Debit Crede Accounts payable 36,500 Accumulated depreciation, machinery 18,500 Accumulated depreciation, trucks 11,000 Commissions samed 72,000 Consulting revenue eamed 04,000 Depreciation expense, machinery 18,500 Depreciation expense, trucks 11.000 Dividends Interesteamed Interest expense Interest receivable, Machinery Prepaid interest Rent earned Rent expense 35,500 Stanament of Changes in Equity 27,500 10,500 33,000 Share Retained Total Capital Earings Equity 112,500 23,500 X 49.500 58,000 Rent payable 43,500 Rent receivable 47,000 Share capital 65,000 (select one) Balance Sheet (select one) Trucks 19,500 Unaamned consulting revenue 21,500 84% Totals 430,000 410,000 XA 12C Cloudy please use proper accounting terms 988 23:40
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