Use this trial balance to prepare a Classified Balance Sheet, Multi-step Income Statement, and Statement of Retained Earnings based on this trial balance.

TRIAL BALANCE MONTH ONE Debit Credit Account Name Cash 341,614.35 Accounts Receivable 500,000.00 Prepaid Rent Prepaid Insurance Supplies Inventory Land 5,565.00 7,854.00 200.00 75,000.00 Vehicles 3,500.00 Furniture & Equipment 2,375.54 Buildings Accumulated Depreciation Accounts Payable Wages Payable Utilities Payable Interest Payable 500.00 250,000.00 26,695.25 988.88 Unearned Revenue Other Payables Notes Payable Common Stock Retained Earnings 100,000.00 400,000.00 Dividends Sales Revenue Service Revenue Cost of Goods Sold Wages Expense Rent Expense 50,000.00 500,000.00 225,000.00 53,390.50 11,130.00 Utilities Expense Interest Expense Insurance Expen se Depreciation Expen se Other Expense 351.86 988.88 714.00 500.00 TOTAL 1,278,184.13 1,278,184.13 General Journal MONTH ONE ctio Credit Account Name Debit 1 Cash 1 Common Stock 2 Cash 2 Notes Payable 3 Inventory 3 Cash 400,000.00 400,000.00 100,000.00 100,000.00 100,000.00 50,000.00 3 Accounts Payable 4 Supplies 4 Cash 5 Furniture & Equipment 5Cash 50,000.00 200.00 200.00 2,375.54 2,375.54 6 Vehicles 6 Cash 3,500.00 3,500.00 7 Accounts Receivable 7 Sales Revenue 7 Cost of Goods Sold 7 Inventory 8 Prepaid Rent 200,000.00 200,000.00 90,000.00 90,000.00 16,695.00 8 Cash 16,695.00 9 Utilities Expense 9 Cash 10 Wages Expense 10 Cash 11 Interest Expense 11 Interest Payable 12 Inventory 12 Accounts Payable 13 Prepaid Insurance 13 Cash 14 Accounts Receivable 14 Sales Revenue 15 Cost of Goods Sold 15 Inventory 16 Interest Expense 16 Interest Payable 17 Depreciation Expense 17 Accumulated Depreciation 17 Wages Expense 17 Wages Payable 18 Insurance Expense 18 Prepaid Insurance 19 Rent Expense 19 Prepaid rent 351.86 351.86 26,695.25 26,695.25 494.44 494.44 200,000.00 200,000.00 8,568.00 8,568.00 300,000.00 300,000.00 135,000.00 135,000.00 494.44 494.44 500.00 500.00 26,695.25 26,695.25 714.00 714.00 11,130.00 11,130.00 20 Dividends 50,000.00 20 Cash 50,000.00