Stars Bookshop is a sole trader company; offers to customers a well$-$rounded selection of books and stationery for children, teens, and adults. Use the below Adjusted Trial Balance on December $31-2022.$ To $.$prepare the financial statement   

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Stars Bookshop Adjusted Trial Balance December 31.2022 Account name Cash Accounts receivable Supplies Inventory Prepaid insurance Equipment Accumulated Depreciation (Equipment) Accounts Payable Notes payable Unearned revenue Owners' capital (O.C) Owners Drawings (O.D) Sales Revenue Sales discount-contra revenue Cost of goods sold Salaries and wages expenses Supplies expenses Depreciation expenses Rent expenses Utilities expenses Interest expense Total Dr. 3500 45000 17000 42500 1500 67500 6000 Cr. 15000 16700 3500 23800 59700 400000 16500 250000 40500 10700 1200 6500 7000 3300 518700518700 Stars Bookshop Adjusted Trial Balance December 31.2022 Account name Cash Accounts receivable Supplies Inventory Prepaid insurance Equipment Accumulated Depreciation (Equipment) Accounts Payable Notes payable Unearned revenue Owners' capital (O.C) Owners Drawings (O.D) Sales Revenue Sales discount-contra revenue Cost of goods sold Salaries and wages expenses Supplies expenses Depreciation expenses Rent expenses Utilities expenses Interest expense Total Dr. 3500 45000 17000 42500 1500 67500 6000 Cr. 15000 16700 3500 23800 59700 400000 16500 250000 40500 10700 1200 6500 7000 3300 518700518700

Answer rating: 100% (QA)

Answer To prepare the financial statements for Stars Bookshop well use the adjusted trial balance pr... View the full answer