1. Use the given adjusted trial balance for Cowell Company, LLC (Table) to prepare the final accounts including profit and loss account, retained earnings statement, and balance sheet for the Period ended December 31^st

(Table)

Adjusted Trial Balance of the Cowell Company, LLC for the Period ended 31^st of December

Account Title	Dr.	Cr.
Cash	10,700
Accounts Receivable	20,000
Supplies	2000
Prepaid Insurance	15,000
Equipment	35,000
Accumulated depreciation Equipment		14,000
Unearned Service Revenue		11,000
Taxes Payable		2000
Accounts payable		600
Salaries payable		9,000
Share Capital		24,000
Retained Earnings		12,000
Dividends	1,500
Service Revenue		30,000
Insurance expenses	1,600
Salaries and wages expense	5,000
Depreciation Expense	7,000
Advertising expense	4000
Rent expense	800
Total	102,600	102,600