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The trial balance shown below has been prepared for Star Inc. as of August 31, 2014, the company's first month of operations. Use this information
The trial balance shown below has been prepared for Star Inc. as of August 31, 2014, the company's first month of operations. Use this information to prepare the income statement and statement of changes in equity for the month ended August 31 along with the August 31 balance sheet. Be sure to select the correct company and date for each given financial statement. Star Inc. Trial Balance August 31, 2014 (select one) Income Statement (select one) 1 tl tlt X + Cash Commissions earned Consulting revenue earned Dividends Equipment Insurance expense Interest payable Land Office supplies expense Property taxes payable Rent expense Share capital Totals Debit Credit 45,500 84,500 72,000 13,000 55,500 37,500 41,000 129,000 46,000 34,000 39,500 134,500 366,000 366,000 (select one) Statement of Changes in Equity (select one) Share Retained Total Capital Earnings Equity X +++ (select one) Balance Sheet (select one) ++ X + +
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