Feline Pet Care Trial Balance Acct. No July 31, 2020 Account Title Debit $ 22,800 Credit 101 Cash Accounts receivable Prepaid insurance Equipment Building Land 106 11,400 12,300 18,000 190,000 134,000 128 163 173 183 Accounts payable Unearned revenue $ 14, 240 91,000 290,760 201 230 Dwight Turnbull, capita1 Dwight Turnbull, withdrawals Revenue 301 302 4,800 401 111,900 Wages expense Equipment rental expense Advertising expense Pet food expense 56,000 32,000 9,000 17,600 623 645 655 684 Totals $507,900 $507,900 Required: Using the trial balance provided above, prepare an income statement and statement of changes in equity for the first year ended July 31, 2020, and a balance sheet at July 31, 2020. FELINE PET CARE Income Statement

Feline Pet Care Trial Balance Acct. No July 31, 2020 Account Title Debit $ 22,800 Credit 101 Cash Accounts receivable Prepaid insurance Equipment Building Land 106 11,400 12,300 18,000 190,000 134,000 128 163 173 183 Accounts payable Unearned revenue $ 14, 240 91,000 290,760 201 230 Dwight Turnbull, capita1 Dwight Turnbull, withdrawals Revenue 301 302 4,800 401 111,900 Wages expense Equipment rental expense Advertising expense Pet food expense 56,000 32,000 9,000 17,600 623 645 655 684 Totals $507,900 $507,900 Required: Using the trial balance provided above, prepare an income statement and statement of changes in equity for the first year ended July 31, 2020, and a balance sheet at July 31, 2020. FELINE PET CARE Income Statement

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter12: Liabilities: Off-balance-sheet Financing, Retirement Benefits, And Income Taxes

Section: Chapter Questions

Problem 22E

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