Question
The following information is provided by Beta Ltd. for the year ended December 31, 2022: Cash: $3,000 Accounts Receivable: $1,500 Equipment: $7,000 Accumulated Depreciation: $1,000
The following information is provided by Beta Ltd. for the year ended December 31, 2022:
Cash: $3,000
Accounts Receivable: $1,500
Equipment: $7,000
Accumulated Depreciation: $1,000
Accounts Payable: $1,500
Salaries Payable: $600
Common Stock: $5,000
Retained Earnings: $4,000
Service Revenue: $18,000
Salaries Expense: $5,500
Rent Expense: $2,000
Utilities Expense: $700
Supplies Expense: $400
Required:
Prepare a Trial Balance at December 31, 2022.
Prepare an Income Statement for the year ended December 31, 2022.
Prepare a Statement of Changes in Equity for the year ended December 31, 2022.
Prepare a Balance Sheet at December 31, 2022.
Prepare a Post-Closing Trial Balance at December 31, 2022.
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