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Question: The following is the trial balance of the ABC Company Prepare the financial statements reports: 1- Income statement 2- Owner's Equity Statement 3-

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Question: The following is the trial balance of the ABC Company Prepare the financial statements reports: 1- Income statement 2- Owner's Equity Statement 3- Financial Position statement (Balance sheet) Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Interest Payable Debit Credit $15,200 200 1,000 550 5,000 SA $ 40 5,000 2,500 50 Unearned Service Revenue Salaries and Wages Payable 800 1,200 Owner's Capital 10,000 Owner's Drawings 500 Service Revenue 10,600 Salaries and Wages Expense 5,200 Supplies Expense 1,500 Rent Expense 900 Insurance Expense 50 Interest Expense Depreciation Expense $30,190 $30,190 50 40 IX English

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