Question: ancial statements E4.14 (LO4) The adjusted trial balance for Fraser Valley Services Ltd. was prepared in E4.13. Note that the company issued common shares for

ancial statements E4.14 (LO4) The adjusted trial balance for Fraser Valley Services Ltd. was prepared in E4.13. Note that the company issued common shares for $1,000 during the year. Instructions Prepare a (a) statement of income. (b) statement of changes in equity, and (c) statement of financial position Frare Valley stories Adjusted Trail Balance August 31, 2021 SILICO Credit ) Watcelt Debra $11,436 18, 225 3,400 3,450 apet COMM 25,600 Ret Cash Acc Recevable suppler Prepard Insurance Equipment Acc Deprecalconiequiparent Accounts legable Salones Payable Interest Payable Rest Patable Income tax Parabe Born Loon Decored Revenue 5 common shares Orurderts becked. Retained Earnings service Revenue Salones Expose (Insurance Exense Interest Expave - pest Expene 5,905 2,800 2,200 1,500 1,250 1,500 25,000 700 5,000 600 5400 54,275 19,200 1,100 1,500 15,000 2,275 3,000 1750 Depreciation Expose - Incone tor exeve supplies Expase Total $105,530 $105 530
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
