14) The accounts of Fiza's Pet Shop, follow with their normal balances at November 30, 2020. The accounts are mixed up. Debit Credit Account Balance Account Balance Accounts receivable $3,500 Accounts payable $12,500 Rent expense 1,500 Sales Revenue 20,000 Prepaid rent 3,000 Owner's capital 25,000 Cash 31,000 Salary and wages payable 1,500 Furniture and fixtures 5,000 Salary and wages expense 12,000 Owner's drawings 3,500 REQUIRED: (1) Prepare the company's Trial balance at November 30, 2020, listing accounts in proper sequence. (3 marks) (2) Prepare a Statement of Profit and Loss (Income Statement). (2 marks): (3) Prepare a Statement of Owner's Equity. (2 marks) (4) Prepare a Statement of Position (Balance Sheet) (3 marks) |