acctquiz1

A B C D E TI 25 Maintenance Expense 700 26 Miscellaneous Expense 1,000 27 Professional Fees Expense 2,000 28 Rent Expense 16,000 29 Salaries Expense 18,500 30 Telephone Expense 800 31 Travel Expense 3,000 32 Total $132,700 $132,700 33 34 35 36 37 38 39 40 41 42 43 454 Part IV Financial Statements Shown below is Start Services' trial balance for the year ended September 30, _. No additional investments have occurred during the year. Using this information, prepare the Income Statement, CO Statement of Owners' Equity and then the Balance Sheet as at September 30, 9 10 Start Services 11 Trial Balance 12 September 30, 13 Account DEBIT CREDIT 14 Cash $45,000 15 Accounts Receivable 15,000 16 Prepaid Insurance 7,200 17 Equipment 20,000 18 Accounts Payable $12,000 19 Unearned Revenue 4,000 20 Bank Loan 8,000 21 Omid, Capital 52,200 22 Omid, Drawings 3,000 23 Service Revenue 56,500 24 Insurance Expense 500 25 Maintenance Expense 700 26 Miscellaneous Expense 1,000 27 Professional Fees Expense 2,000 28 Rent Expense 16,000 29 Salaries Expense 18,500 30 Telephone Expense 800 Travel Expense 3,000