THIS IS AN EXTRA CREDIT QUESTION WORTH 20 MARKS. You can complete it in whole or in part.

The following is a list of accounts and their balances (in dollars) for Speedy Service Inc. as at the end of their fiscal year, July 31, 2018. The accounts are presented in alphabetical order.

Note, the additional information also provided after the balances.

Your instructions are to create and submit in proper format:

a. a Trial Balance (5 marks)

b. an Income Statement (5 marks)

c. a Statement of Changes in Equity (4 marks)

d. a Statement of Financial Position (6 marks)

Your answers must be submitted in Excel or PDF format. You cannot submit in Numbers format or in Google Sheets. Ensure your answers are properly labeled.

You are free to download use the Excel Templates provided on the Activities page

If you can write neatly and take clear pictures, you can submit photo or scanned copies of handwritten work. Note that any submitted work that is not readable could receive deductions, including a grade of 0.

The system does not have a setting for me to let you submit multiple files - be prepared to possibly only be allowed to submit one file

9,500 Accounts Payable

14,000 Accounts Receivable

21,400 Accumulated Depreciation - Equipment

39,000 Bank Loan Payable, due 2022

8,000 Cash

38,000 Common Shares

9,700 Depreciation Expense

800 Dividends Declared

99,000 Equipment

20,000 Investments

3,000 Income Tax Expense

1,800 Insurance Expense

3,600 Interest Expense

200 Prepaid Insurance

9,000 Rent Expense

10,450 Repairs and Maintenance Expense

20,850 Retained Earnings

25,000 Salaries Expense

800 Salaries Payable

75,000 Service Revenue

Additional information: All accounts have a normal balance. During the year, the company issued common shares for $11,000.