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The following account balances are taken from the records of Fox Creek Service Limited at October 31, 2015 after its first year of operation: Insurance
The following account balances are taken from the records of Fox Creek Service Limited at October 31, 2015 after its first year of operation: Insurance Expense Accounts Payable $9,000 $ 500 Accounts Receivable 6,000 Repair Revenue 19,000 Advertising Expense 2,200 Supplies Expense 800 Bank Loan 5,000 Telephone Expense 250 Cash 1,000 Truck 9,000 Share Capital 2,000 Truck Operation Commissions Expense Equipment 4,500 Expense 1,250 7,000 Wages Expense Wages Payable 4,000 1,500 Required: 1. Prepare a Trial Balance at October 31, 2015. 2. Prepare an Income Statement and Statement of Changes in Equity for the year ended Octo- ber 31, 2015. 3. Prepare a Balance Sheet at October 31, 2015
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