use the adjusted trial balance figures to prepare an income statement, a statement of owners equity, and a balance sheet for the month ended July 31, 2019.

GOURMET CONSULTING ADJUSTED TRIAL BALANCE July 30, 2020

Debit- Dr

Credit- Cr

Cash - 38,750 (Dr)

Accounts Receivable- 26,250 (Dr)

Supplies- 2,850 (Dr)

Prepaid Rent- 4,000 (Dr)

Prepaid Insurance- 4,125 (Dr)

Office Equipment- 14,000 (Dr)

Accumulated Depreciation-Office Equipment - 400 (Cr)

Accounts Payable- 2,100 (Cr)

Salaries Payable- 140 (Cr)

Unearned Fees- 3,000 (Cr)

Jolene Upton, Capital- 54,000 (Cr)

Jolene Upton, Drawing- 20,000 (Dr)

Fees Earned- 59,700 (Cr)

Salary Expense- 3,140 (Dr)

Rent Expense- 2,000 (Dr)

Supplies Expense- 1,950 (Dr)

Depreciation Expense- 400 (Dr)

Insurance Expense- 375 (Dr)

Miscellaneous Expense- 1,500 (Dr)

TOTAL DEBIT: $119,340.00 TOTAL

CREDIT: $119,340.00