Exercise 2: Prepare the 1. Income Statement 2. Statement of Retained earning 3. Balance Sheet 4. Closing entries Credit YAZICI ADVERTISING A.. Trial Balance October 31, 2017 Debit Cash + 15,200 Supplies 2,500 Prepaid Insurance 600 Equipment 5,000 Notes Payable Accounts Payable Unearned Service Revenue Share Capital-Ordinary Dividends Service Revenue Salaries and Wages Expense 4,000 Rent Expense 900 128,700 $5,000 2,500 1,200 10,000 500 10,000 +28,700