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Question 2 [70 points) Hector Mendez started Holden Corp. on August 1, 2014. The adjusted trial balance shown below has been prepared for Holden Corp.

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Question 2 [70 points) Hector Mendez started Holden Corp. on August 1, 2014. The adjusted trial balance shown below has been prepared for Holden Corp. as of August 31, 2014 Use this information to prepare the income statement and statement of changes in equity for the month ended August 31 along with the August 31 balance sheet. In addition to this, complete the adjusted trial balance by filling out the Adjustments column. Holden Corp. Tral Balance August 31, 2014 Unadjusted Thal Balance Dr. Cr. 5,740 9.630 3,630 Adjusted Trial Balance Adjustments 5,740 9.900 2.540 14510 3,330 2,540 130 7,340 Cash Rent receivable Prepaid insurance Prepaid interest Building Accumulated depreciation, building Salaries payable Uneamed consulting revenue Unearned rent Share capital Dividends Retained earnings Consulting revenue amned Rent earned Interest and Depreciation expense, building 1.510 OP 1,519 4,680 8,360 3,770 17,450 12,320 17.450 13,030 3,900 Interest expense Insurance expense 12.790 3,900 1220 57.730 57.730 58,370 58.370 Balance Sheet Income Statement select one 7.340 7.580 9, 1,510 4,680 8,360 3.770 Siis payable Uneamed consulting revenue Uneamed rent Share capital Dividends Retained earnings Consulting revenue earned Renteamed Interest eamed Depreciation expense bulding Salaries expense Interest expense Insurance expense 17.450 13,060 5,600 12,790 3,900 1,220 57.730 13,030 3,900 1.520 58.370 57,730 58.370 (select one ricom Statement Balance Sheet 930 lect one Statement of Changes in Equity (select one) Share Retained Total Capital Earnings Equity 0

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