CHILLY COMPANY

Based on the data below prepare Income Statement and Statement of Financial Position (Balance Sheet) of Chilly Company in good form.

Chilly Company

Adjusted Trial Balance

December 31, 2021

rent payable	3000	accounts receivable	3000
service revenue	86250	accounts payable	2250
capital	37500	interest expense	1500
prepaid insurance	3500	depreciation expense	5250
notes payable	5000	retained earnings	11250
supplies expense	6000	equipment	32500
cash	3750	insurance expense	13500
utilities expense	9000	office supplies inventory	1500
unearned service revenue	750	accumulated depreciation, equipment	15750
salaries expense	41250	marketable securities	1000

land

50000

bank loan (long term)

10000