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The following information was taken from the adjusted trial balance of Eliot Limited for the year ended September 30, 2023. All accounts have their normal

The following information was taken from the adjusted trial balance of Eliot Limited for the year ended September 30, 2023. All accounts have their normal balances.

 Accounts Receivable $ 320,000 


Accounts Payable 143,000


 Retained earnings (September 30, 2022) 104,000


 Cash 98,000 


Accumulated Depreciation-Equipment 40,000 


Common shares 100,000 


Salary expense 235,000 


Dividends 60,000 


Office Supplies 17,000


 Equipment 300,000 


Unearned Revenue 42,000


 Allowance for Uncollectible Accounts 34,000 


Interest expense 27,000


 Income tax expense 57,000 


Bank Loan 250,000 


Rent expense 24,000 


Service Revenue 425,000 


Prepare Eliot's financial statements for the year ended September 30, 2023

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