Assignment CH 1 & 2 Saved 4 Acct. No 101 106 128 163 173 BOOK 183 Feline Pet Care Trial Balance July 31, 2020 Account Title Cash Accounts receivable Prepaid insurance Equipment Building Land Accounts payable Unearned revenue Dwight Turnbull, capital Dwight Turnbull, withdrus Revenue lages expense Equipment rental expense Advertising expense pet food expense Totals 201 Debit Credit $ 23,600 12,200 13,100 18,800 198,080 142,000 $ 16,140 95,000 298,760 1,600 131,000 64,000 40.000 9,800 18.400 $540,900 $540,900 301 382 401 623 645 655 584 b Required: Using the trial balance provided above, prepare an income statement and statemeat of changes in equity for the first year endea 31 2020, and a balance sheet at July 31 2020 Using the trial balance provided above, prepare an income statement and statement of changes in equity for tru 31, 2020, and a balance sheet at July 31, 2020. 4 FELINE PET CARE Income Statement For Year Ended July 31, 2020 Revenues eBook 131000 Revenue Operating expenses Pet food expense Wages expense Equipment rental expense Advertising expense Total operating expenses Loss 18 400 64000 40,000 9,800 132 200 (1 200) S Assignment CH 1 & 2 Saved 4 FELINE PET CARE Statement of Changes in Equity For Year Ended July 31, 2020 Dwight Turnbull, capital August 1 $ 298.760 eBook 298,760 1.000 Total Less Withdrawals by owner Less Loss Dwight Turnbull, capital, July 31 1.200 2 200 296.560 $ 4 FELINE PET CARE Balance Sheet July 31, 2020 ebook Assets Liabilities 5 5 Accounts payable Unearned Revenue 16.140 95.000 Cash Accounts receivable Equipment Building Land Prepaid insurance 23.500 12.2001 18 800) 198,000 142.000 13 100 111.140 Total liabilities Equity Dwight Tumbull. capital 296.560 Total assets 5 407 700 Total abilities and equity 5 407 700 Analysis Component: Journal entry worksheet 4 1 > Record receipt of cash for completing work for clients. ebook Note: Enter debits before credits General Journal Dobit Credit Date July 31, 2020 Record entay Clear entry Vi general Journal entry worksheet 4