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The following is the adjusted trial balance for Thompson on December 31, 2019. Thompson Trucking Adjusted Trial Balance December 31, 2019 Debit Credit Cash 41,050

The following is the adjusted trial balance for Thompson on December 31, 2019.

Thompson Trucking

Adjusted Trial Balance

December 31, 2019

Debit

Credit

Cash

41,050

Accounts receivable

7,500

Packing supplies

800

Prepaid rent

450

Truck

26,000

Accum. Amortization, Truck

1,800

Computer

1,200

Accum. Amortization, Computer

150

Accounts payable

3,200

Salary payable

1,900

Unearned revenue

2,000

J. Thompson, Capital

66,000

J. Thompson, Withdraw

500

Delivery Fees earned

17,500

Amortization expense, truck

1,800

Amortization expense, computer

150

Rent expense

1,350

Salary expense

5,300

Utility expense

900

Telephone expense

850

Packing supplies expense

4,700

Total

92,550

92,550

Prepare an income statement, statement of changes in equity and a balance sheet for the first three months of business ending December 31, 2019. (15 Marks each for the statements)

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