1. Prepare the 3 financial Statements. Using the
Adjusted Trial Balance below
Income Statement Hint 4,160
Statement of Owner's Equity Hint 35,250
Balance Sheet Assets 41,850
2. Download closing Journal Entries.xls or google sheet
and Prepare the 4 closing journals
3. Submit pdfs only of all 3 financial statements and
journal.
Adjusted Trial Balance
October 31, 2019
Debit
Credit
Cash
27000
Accounts Receivable
4000
Supplies
1000
Equipment
10000
Accumulated Depreciation, Equipment
150
Accounts Payable
6200
Salaries Payable
400
Capital
32190
Drawing
1100
Service Revenue
8500
Advertising Expense
400
Supplies Expense
1000
Telephone Expense
650
Salaries Expense
1800
Utilities Expense
490
47440
47440