Your friend has asked you to produce financial statements for his business Mates Incorporated for the year 1 July 2012 to 30 June 2013. To make your job a little more difficult he has produced his adjusted trial balance in alphabetical order as he was unaware of the proper order.

Produce an Income Statement and Balance Sheet (either select from the Drop Down menu or enter an account or number in blank boxes).

Account	Dr	Cr
Accounts Payable		2900
Accounts Receivable	3300
Accumulated Depreciation		3500
Cash At Bank	12400
Depreciation Expense	800
Insurance Expense	500
Office Equipment	10500
Office Supplies	1300
Office Supplies Expense	700
Owners Capital		10950
Prepaid Insurance	2000
Salaries Expense	3700
Service Revenue		13350
Unearned Service Revenue		4500
Total	35200	35200

Mates Incorporated
Income Statement
AnswerFor the Year Ended 30 June 2013As At 30 June 2013
Answer OR Revenue OR Current Assets OR Owners Capital
Answer Service Revenue OR Cash At Bank OR Depreciation Expense OR Unearned Service OR Revenue		Answer
Less: AnswerExpenses OR Non Current Assets OR COGS
Answer Depreciation Expense OR EquipmentCash At Bank	Answer
Answer Insurance Expense OR Office Supplies OR Accounts Receivable	Answer
Answer Office Supplies OR Expense OR Unearned Service OR Revenue OR Depreciation Expense	Answer
AnswerSalaries ExpenseOffice SuppliesPrepaid Insurance	Answer
AnswerTotal ExpensesTotal AssetsOwners Capital		Answer
Net Profit		Answer

Mates Incorporated
Balance Sheet
AnswerFor the Year Ended 30 June 2013As At 30 June 2013
Answer Current Assets OR Current Liabilites OR Owners Capital
Answer Cash At Bank OR Accounts Payable OR Unearned Service OR Revenue	Answer
Answer Accounts Receivabe OR Accumulated Depreciation OR Cash At Bank	Answer
Answer Office Supplies OR Accounts Payable OR Unearned Service OR Revenue	Answer
Prepaid Insurance	Answer
Answer Total Current OR Assets OR Owners Capital OR Total Current Liabilities		Answer
Answer Non Current Assets OR Current Liabilities OR Owners Capital
OR Office Equipment	Answer
Answer Accumulated Depreciation OR Unearned Service OR Revenue OR Accounts Payable	Answer
Answer Total Non Current Assets OR Owners Capital OR Total Current Liabilities		Answer
Answer Total Assets OR Total Current Asset and Current Liabilities OR Owners Capital		Answer
Answer Current Liabilities OR Expenses OR Owners Capital
Answer Accounts Payable OR Office Equipment	Answer
Answer Unearned Service OR Revenue OR Accumulated Depreciation	Answer
Answer Total Current Liabilities OR Total Non Current Assets		Answer
Total Non Current Liabilites		0
Answer Total Liabilites OR Total Net Assets OR Owners Equity		Answer
Answer Owners Equity OR Net Profit
Answer Owners Capital OR Owners Drawings		Answer
Total Liabilities and Owners Equity		Answer

OR