Worksheet data for Tai Interiors are presented in E4.2. The owner did not make any additional investments in the business in April.

Instructions
Prepare an income statement, an owner’s equity statement, and a classified statement of financial position.

Data From Exercise 2

The adjusted trial balance columns of the worksheet for Tai Interiors are as follows (amounts in NT$).

Transcribed Image Text:

Tai Interiors Worksheet (partial) For the Month Ended April 30, 2020 Adjusted Income Statement of Financial Position Trial Balance Statement Account Titles Dr. Cr. Dr. Cr. Dr. Cr. 10,000 Cash Accounts Receivable 7,840 Prepaid Rent Equipment Accumulated 2,280 23,050 Depreciation-Equip. Notes Payable Accounts Payable Owner's Capital Owner's Drawings 4,900 5,700 4,920 27,960 3,650 Service Revenue 15,590 Salaries and Wages Expense Rent Expense 10,840 760 Depreciation Expense Interest Expense Interest Payable 650 57 57 Totals 59,127 59,127