The following is a list of accounts for Speedy Delivery Service, Inc. at July 31, 2015:

Additional information:
During the year, the company issued common shares for $11,000.
Instructions
(a) Prepare a trial balance.
(b) Prepare an income statement, statement of changes in equity, and statement of financial position for the year.
(c) If you did not know the retained earnings amount in the trial balance, could you have prepared the financial statements in (b)?

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Accounts payable Accounts receivable $9,500 14,000 21,400 Interest expense Bank loan payable, due 2017 Prepaid insurance 3,600 39,000 equipment Cash Common shares Equipment Depreciation expense Dividends Vehicles expense Income tax expense Insurance expense 8,000 38,000 99,000 9,700 Rent Repairs and maintenance expense Retained earnings, Aug. 1, 2014 Salaries expense Salaries payable Service revenue Trading investments 9,000 5,700 20,850 25,000 expense 4,750 3,000 1,800 75,000 20,000