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The adjusted trial balance of Toronto Mobile Pet Grooming follows. B (Click the icon to view the adjusted trial balance.) Prepare Toronto Mobile Pet Grooming's
The adjusted trial balance of Toronto Mobile Pet Grooming follows. B (Click the icon to view the adjusted trial balance.) Prepare Toronto Mobile Pet Grooming's income statement and statement of owner's equity for the year ended June 30, 2020. Then prepare the balance sheet on that date. Prepare the Toronto Mobile Pet Grooming's income statement for the year ended June 30, 2020. Bogin by defining the income statement header, and then choose the correct labels and enter the amounts. Revenues Expenses Total expenses Net Income Prepare the Toronto Mobile Pet Grooming's statement of owner's equity for the year ended June 30, 2020. Begin by defining the statement of owner's equity header, and then choose the labels and enter the corresponding amounts. Prepare the Toronto Mobile Pet Grooming's balance sheet at June 30, 2020. Begin by defining the balance sheet header, and then select the accounts and enter the amounts for the assets. Once the assets are completed, finish the balance sheet. (Abbreviations used: Acc. amort. = Accumulated Amortization; Amort. exp. = Amortization expense.) Assets Liabilities Total liabilities Owner's Equity Total assets Total liabilities and owner's equity Toronto Mobile Pet Grooming Adjusted Trial Balance June 30, 2020 Balance Account Title Debit Credit Cash $ 2,400 Grooming supplies 4,000 Prepaid insurance 1,800 Truck 40,000 Accumulated amortizationtruck $ 7,000 4,000 Accounts payable Salaries payable 2,000 Unearned service revenue 1,400 Les Birman, capital 17,000 Les Birman, withdrawals 8,000 Service revenue 44,000 Amortization expensetruck 1,000 Insurance expense 200 Salaries expense 16,000 2,000 Supplies expense $ 75,400||$ 75,400 Total
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