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Use the following Trial Balance to prepare an Income Statement, Statement of Changes in Equity, and a Balance Sheet. Please use the MGT102 Worksheet
Use the following Trial Balance to prepare an Income Statement, Statement of Changes in Equity, and a Balance Sheet. Please use the MGT102 Worksheet provided in D2L to complete this practical exercise. Feline Pet Care Trial Balance July 31, 2014 101 Acct. No. Cash Account Title Debit Credit $23,000 106 Accounts receivable. 11,600 128 Prepaid insurance 12,500 163 Equipment. 18,200 173 Building 192,000 183 Land 136,000 201 Accounts payable $ 15,540 230 Unearned fees 92,000 301 Betty Lark, capital 292,760 302 Betty Lark, withdrawals 5,000 401 Fees earned 117,000 623 Wages expense. 58,000 645 Equipment rental expense 34,000 655 Advertising expense.. 9,200 684 Pet food expense 17.800 Totals 3517.300 $517,300
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