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Question 4 (25 marks). Fancy Pants Clothing Store has completed all of its journal entries and adjusting entries for the month of March 2022.
Question 4 (25 marks). Fancy Pants Clothing Store has completed all of its journal entries and adjusting entries for the month of March 2022. The adjusted trial balance is shown below. Note: during the month of March, the owner of Fancy Pants Clothing Store invested $9,460 into the business. Fancy Pants Clothing Store Adjusted Trial Balance Account Titles Cash Accounts Receivable March 31, 2022 Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Interest Payable Unearned Revenue Bank Loan Deo, Capital Deo, Withdrawals DR CR $8,490 $7,200 $1,160 $64,110 $ 1,780 $9,830 $ 100 $5,220 $ 15,880 $46,920 $1,260 Service Revenue $ 5,450 Advertising Expense $400 Depreciation Expense $370 Insurance Expense $450 Interest Expense $460 Rent Expense $1,280 Total $ 85,180 $85,180 Required Prepare the income statement, statement of owner's equity, and balance sheet.
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