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Tom just started a cleaning business on August 2015 and started the operation in September 2015. The following trial balance was prepared at the end
Tom just started a cleaning business on August 2015 and started the operation in September 2015. The following trial balance was prepared at the end of September 2015. Wayzata Cleaning, Inc. Unadjusted Trial Balance 30-Sep-15 Debit Cash 6 7 8 19 20 Accounts Receivable Supplies Prepaid Rent Prepaid Insurance Cleaning Equipment Truck Accounts Payable Unearned Service Revenue Common Stock Retained Earnings $ 7,000.00 $ 9,000.00 Credit $ 62,400.00 $ 1,500.00 $ 1,200.00 $ 12,000.00 $ 21,000.00 $ 16,600.00 $ 14,000.00 $ 81,000.00 $ 21 Dividends $ 1,000.00 22 Service Revenue $ 16,000.00 23 Utility Expense $ 500.00 24 Advertising Expense $ 25 Miscellaneous Expense $ 26 Salary Expense $ 12,000.00 27 Total 127600 127600 28 29 30 31 32 33 Required: Using the provided worksheet, prepare the company's Financial Statements using the following steps: Prepare the un-adjustmented Column 1 Prepare the adjustments Column 34 2 Prepare the adjusted trial balance Column 35 3 Prepare the Income Statement columns 36 4 Prepare the Statement of Retained Earnings Column 37 5 Prepare the Balance Sheet Column 38 + 7 Account Cash Accounts Receivable Supplies Prepaid Rent Prepaid Insurance Cleaning Equipment Acc. Depreciation Clean Equipment Truck Acc. Depreciation Truck Accounts Payable Salaries Payable Unearned Service Revenue Common Stock Retained Earnings Dividends Service Revenue Rent Expense Utility Expense Advertising Expense Miscellaneous Expense Salary Expense Depreciation Expense Clean Equipment Depreciation Expense Truck Insurance Expense Supplies Expense Dr Unadjusted TB facome Statement Adjustments Adjusted TB a Dr. a Dr C Dr Statement of R/E Balance Sheet Dr Dr O
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