Company name 323 Inc Adjusted trial balance gave been posted no investment by owner. Prepare the 1.

Company name 323 Inc

Adjusted trial balance gave been posted no investment by owner. 

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Prepare the 1. Adjusted Trial Balance as of December 31, 20Y2. 2. Multi-step Income Statement for the year ended December 31, 20Y2. 2. Statement of Owner's Equity for the year ended December 31, 20Y2. 3. Classified Balance Sheet (in report form) as of December 31, 20Y2. Balance 11,000 Account Accounts Payable Accounts Receivable 20,000 Accumulated Depreciation - Office Building Accumulated Depreciation - Office Equipment 120,000 22,000 Advertising Expense Allowance for Doubtful Accounts 40,000 2,000 Bad Debt Expense Cash 5,000 73,000 Cost of Merchandise Sold Depreciation Expense Insurance Expense Interest Expense 170,000 10,000 15,000 3,000 1,000 Interest Receivable Interest Revenue 4,000 Land 75,000 190,000 Bob Fargo, Capital Bob Fargo, Drawing Merchandise Inventory Miscellaneous Administrative Expense Notes Payable - Long Term (Due 20Y8) Notes Receivable - Short Term Office Building Office Equipment Office Salaries Expense Prepaid Insurance Rent Expense - Office 60,000 30,000 8,000 200,000 14,000 300,000 90,000 50,000 6,000 35,000 Rent Revenue 24,000 500,000 Sales Sales Salaries Expense 80,000 Unearned Rent 12,000 Prepare the 1. Adjusted Trial Balance as of December 31, 20Y2. 2. Multi-step Income Statement for the year ended December 31, 20Y2. 2. Statement of Owner's Equity for the year ended December 31, 20Y2. 3. Classified Balance Sheet (in report form) as of December 31, 20Y2. Balance 11,000 Account Accounts Payable Accounts Receivable 20,000 Accumulated Depreciation - Office Building Accumulated Depreciation - Office Equipment 120,000 22,000 Advertising Expense Allowance for Doubtful Accounts 40,000 2,000 Bad Debt Expense Cash 5,000 73,000 Cost of Merchandise Sold Depreciation Expense Insurance Expense Interest Expense 170,000 10,000 15,000 3,000 1,000 Interest Receivable Interest Revenue 4,000 Land 75,000 190,000 Bob Fargo, Capital Bob Fargo, Drawing Merchandise Inventory Miscellaneous Administrative Expense Notes Payable - Long Term (Due 20Y8) Notes Receivable - Short Term Office Building Office Equipment Office Salaries Expense Prepaid Insurance Rent Expense - Office 60,000 30,000 8,000 200,000 14,000 300,000 90,000 50,000 6,000 35,000 Rent Revenue 24,000 500,000 Sales Sales Salaries Expense 80,000 Unearned Rent 12,000

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