Prepare A Statement Of Owner's Equity For The Month Of July

1.Required: Prepare an Income statement in good form for the month of July 20xx based on the above Adjusted Trial Balance.

2. Required:Prepare a statement of Owner's Equity For the month of July 20xx which is included in the Kona, Capital Balance as of 7/31/20xx

3. Required: Prepare a Balance Sheet as of July 31,20xx

4. Required: Prepare the closing entries for Surf California Company. Use the information from above.

Surf California Company Adjusted Trial Balance July 31, 20xx Debit Acct# Account 101 Cash 110 Accounts Receivable 120 Supplies 130 Equipment 201 Accounts Payable 210 Wages Payable 301 Kona, Capital 311 Kona, Drawing 400 Sales 505 Wage Expense 510 Supplies Expense 520 Advertising Expense 530 Rent Expense 540 Utility Expense 2,300 1,200 650 3,900 800 1.700 1.300 200 800 300 Credit 950 450 4,050 7,700