Feline Pet Care Trial Balance July 31, 2e20 Account Title Acct. No Debit $ 22,800 11,400 Credit 101 Cash 106 Accounts receivable 128 163 Prepaid insurance Equipment Building 12,300 18,000 190,000 134,000 173 183 Land Accounts payable Unearned revenue Dwight Turnbull, capital Dwight Turnbul1, withdrawals $ 14, 240 91,000 290,760 201 230 301 302 4,800 401 Revenue 111,900 Wages expense Equipment rental expense Advertising expense Pet food expense 623 56,000 32,000 645 655 9,000 684 17,600 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 Trial Balance July 31, 2e20 Account Title Acct. No Debit $ 22,800 11,400 Credit 101 Cash 106 Accounts receivable 128 163 Prepaid insurance Equipment Building 12,300 18,000 190,000 134,000 173 183 Land Accounts payable Unearned revenue Dwight Turnbull, capital Dwight Turnbul1, withdrawals $ 14, 240 91,000 290,760 201 230 301 302 4,800 401 Revenue 111,900 Wages expense Equipment rental expense Advertising expense Pet food expense 623 56,000 32,000 645 655 9,000 684 17,600 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.
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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