Question: In this problem it says that beginning capital is 10000 ID: A Bonus: The following is the adjusted trial balance for Steely Company. Steely Company

In this problem it says that beginning capital is 10000

In this problem it says that beginning capital is 10000 ID: A

ID: A Bonus: The following is the adjusted trial balance for Steely Company. Steely Company Adjusted Trial Balance For the Year ended December 31, 2010 6,130 2,300 750 13,400 Cash Accounts Receivable Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable Notes Payable - Due on June 30, 2011 Bob Steely, Capital Bob Steely, Drawing Fees Earned Wages Expense Rent Expense Utilities Expense Depreciation Expense Miscellaneous Expense Totals 1,200 1,700 5,000 12,000 870 6,600 1,450 900 475 150 75 26,500 26,500 Prepare an Income Statement, Statement of Owner's Equity, and Classified Balance Sheet. Assume that the capital account started with a beginning balance of $10,000. FORMS ATTACHED

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