Question 4 (36 Points) 1 Prepare Financial Statements for Q3 using the Trial Balance on the next page Income Statement Satemnt of Owners Equity Begipning Capital agrees to the value in the adjusted bo Trial Balance Classified Balace Sheet. 2 Prepare Closing Entires 3 Prepare Post Closing Trial Balnace September 30, 2019 Balance Account Title Debit Credit Cash 450,000 Building 550,000 Accumulated Depreciation Building 250,000 Land 100,000 Furniture 50,000 Accumulated Depreciated - Furniture 10,000 Accounts Recievebale 195,000 Merchandise inventory 150,000 Accounts Payable 185,000 Salaries Payable 15,000 Notes payable 450,000 Capital. Gani 250,000 Withdrawals, Gani 75,000 Coss Page 1.90.00 Sales Revenue Cost of Goods Sold 520,000 Selling Expense 24,000 Rent Expense 15,000 5,000 advertising Expense 3,000 Networking Expense 5,000 Utilities Expense Salary Expense 15,000 3,000 Interest Expense 2,160,000 2,160,000 Complete Income Statement Gani Adzemovic, CPALLC Page 1 Page 3 Complete Statement of Owners Equity Gani Adzemovic, CPA LLC Complete Balance Sheet Gani Adzemovic, CPALLC Page 1 Page 3 Calculate Return on Assets Prepare Journal Entries DateAccos and Ezplanation Debit- Credit Gani Adzemovic, CPA LLC Post Closing Trial Balance September 30, 2019 Balance Account Title Debit Credit