Question
VStar Maintenance's accounts follow. The company has just completed its first year of operations ended December 31st, 2021. Accounts Payable $ 21,000 Accounts Receivable 26,400
VStar Maintenance's accounts follow. The company has just completed its first year of
operations ended December 31st, 2021.
Accounts Payable $ 21,000
Accounts Receivable 26,400
Cash 5,200
Delivery Truck Rent Expense 14,400
Equipment 12,600
Equipment Rental Expense 5,800
Marketing Expense 3,000
Owners Capital 4,000*
Maintenance Revenue 164,000
Salaries Expense 112,000
Salaries Payable 1,400
Supplies 800
Supplies Expense 8,200
Withdrawals 2,000
**All Account Balances are Normal**
1. Prepare VStar Maintenance's Trial Balance.
2. Prepare VStar Maintenance's Income Statement, Statement of Owners Equity, and Balance Sheet.
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