The adjusted trial balance for Frinzi Company is given in E3-13.

In E3-13, the trial balances before and after adjustment for Frinzi Company at the end of its fiscal year are presented below.

Instructions
Prepare the income and owner’s equity statements for the year and the balance sheet at August31.

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FRINZI COMPANY Trial Balance August 31, 2014 Before Adjustment After Adjustment Cr. r. Cr $10,400 10,800 900 2,500 14,000 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Unearned Rent Revenue Owner's Capital Service Revenue Rent Revenue Salaries and Wages Expense Supplies Expense Rent Expense Insurance Expense Depreciation Expense $10,400 8,800 2,300 4,000 14,000 3,600 5,800 1,500 15,600 34,000 11,000 4,500 5,800 1,100 600 15,600 36,000 11,900 18,100 1,400 15,000 1,500 17,000 15,000 $71,500 $71,500 $75,500 $75,500