Using the trial balance provided above, prepare an income statement and statement of changes in equity for the first year ended July 31, 2017, and a balance sheet at July 31, 2017.

Analysis Component:

Prepare two different journal entries, including explanations, that might have created the July 31, 2017, balance in Revenue of $117,000. Use July 31, 2017, as the date for your entries.

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Feline Pet Care Trial Balance July 31, 2017 Account Title Acct. No. Debit Credit $ 23,000 101 Cash .. ..... 106 Accounts receivable 11,600 12,500 128 Prepaid insurance 163 Equipment 18,200 Building ... 173 192,000 Land . 183 136,000 ...... .. . $ 15,540 Accounts payable 201 Unearned revenue 230 92,000 301 Betty Lark, capital 292,760 302 Betty Lark, withdrawals 5,000 401 Revenue 117,000 .... 623 Wages expense ... 58,000 645 Equipment rental expense Advertising expense Pet food expense 34,000 655 9,200 684 17,800 $517,300 $517,300 Totals .... ..