The adjusted trial balance for Turnquist Company is given in E3-13.
In E3-13, the trial balances before and after adjustment for Turnquist 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.

Transcribed Image Text:

TURNQUIST COMPANY Trial Balance August 31, 2017 Before After Adjustment Adjustment Dr. Cr. 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 $10,400 8,800 2,300 4,000 $10,400 11,400 900 2,500 $3,600 5,800 1,500 15,600 34,000 11,000 S 4,500 5,800 1,100 400 15,600 36,600 12,100 18,100 1,400 15,000 1,500 900 17,000 15,000 Instirance Expense Depreciation Expense $71,500 $71,500 $76,100 $76,100