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CARLA VISTA COMPANY Trial Balance August 31, 2020 Before Adjustment Dr. Cr. Cash $10,500 Accounts Receivable 8,600 Supplies 2,300 Prepaid Insurance 3,900 Equipment 13,000 Accumulated Depreciation-Equipment $ 3,700 Accounts Payable 5,900 Salaries and Wages Payable 0 Unearned Rent Revenue 1,400 Owner's Capital 13,900 Service Revenue 34,200 Rent Revenue 11,200 Salaries and Wages Expense 16.800 Supplies Expense Rent Finanse After Adjustment Dr. Cr. $10,500 9,600 500 2,500 13,000 $4,300 5,900 1,400 600 13.900 35,200 12.000 18,200 1.800 15200 34,200 11,200 35,200 12,000 Service Revenue Rent Revenue Salaries and Wages Expense Supplies Expense Rent Expense Insurance Expense Depreciation Expense 16,800 0 15,200 0 0 $70,300 18,200 1,800 15,200 1,400 600 $73,300 $70,300 $73,300 CARLA VISTA COMPANY Income Statement For the Year Ended August 31, 2020 Revenues Service Revenue 35,200 Rent Revenue 12,000 Total Revenues 47,200 Expenses Salaries and Wages Expense 18,200 Supplies Expense 1,800 i Rent Expense 15,200 i Insurance Expense 1.400 Depreciation Expense 600 i Question 1 of 5 0.33/1 Total Expenses 37,200 Net Income /(Loss) 10,000 e Textbook and Media (D) Prepare the owner's equity statement for the year. CARLA VISTA COMPANY Owner's Equity Statement For the Year Ended August 31, 2020 Total Revenues 47,200 Add Net Income /(Loss) 5,900 $ Owner's Capital, August 31, 2020 Drawings Expenses Investment Net Income /(Loss) Owner's Capital, September 1, 2019 Owner's Capital, August 31, 2020 Revenues Total Expenses Total Revenues Attempt Question 1 of 5 (b) Prepare the owner's equity statement for the year. CARLA VISTA COMPANY Owner's Equity Statement For the Year Ended August 31, 2020 II e Textbook and Media List of Accounts Save for Later Base saved 5 minutes ago. Attempts: 0 of 3 us