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The adjusted trial balance for Orioles Animations is presented below. ORIOLE COMPANY Adjusted Trial Balance December 31, 2021 Debit Credit Cash $3,300 Accounts receivable 4,100

The adjusted trial balance for Orioles Animations is presented below.

ORIOLE COMPANY Adjusted Trial Balance December 31, 2021

Debit

Credit

Cash

$3,300

Accounts receivable

4,100

Prepaid expenses

2,600

Equipment

46,000

Accumulated depreciationequipment

$17,250

Accounts payable

5,100

Unearned revenue

9,800

M. Oriole, capital

22,600

M. Oriole, drawings

20,000

Service revenue

63,200

Rent expense

9,900

Salaries expense

24,300

Supplies expense

2,000

Depreciation expense

5,750
$117,950 $117,950

Prepare an income statement for the year. Mr. Oriole invested $5,400 cash in the business during the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

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Prepare a statement of owners equity for the year. Mr. Oriole invested $5,400 cash in the business during the year. (List items that increase owner's equity first.)

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Prepare a classified balance sheet at December 31, 2021. (List Current Assets in order of liquidity.)

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ORIOLE COMPANY Statement of Owner's Equity $ $ ORIOLE COMPANY Statement of Owner's Equity $ : : $ ORIOLE COMPANY Balance Sheet Assets $ $ $ Liabilities and Owner's Equity >

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