Make a Financial Statements:

Preparing the Financial Statements (Step 6) L A complete set of financial statements comprises: 1. A statement of financial position as the end of the period; 2. A statement of financial performance for the period; 3. A statement of changes in equity for the period; A statement of cash flows for the period; 5. Notes, comprising a summary of significant accounting policies and other explanatory information; and 6. A statement of financial position as at the beginning of the earliest comparative period when an entity applies an accounting policy retrospectively or makes a retrospective restatement of items in its financial statements or when it reclassifies items in its financial statements.Hyrule Motors Worksheet For the Year Ended December 31, 2020 Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet No. Account Title Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit 110 Cash P240,000 P240,000 P240,000 120 Accounts Receivable 400,000 P25.000 425,000 425,000 130 Office Supplies 50,000 50,000 50,000 140 Prepaid Rent 360,000 P270,000 90,000 90,000 150 Machinenes 500,000 500,000 500,000 160 Computer Equipment 240,000 240,000 240,000 170 Furniture and Fixtures 400,000 400,000 400,000 210 Accounts Payable P200,000 P200,000 P200.000 220 Utilities Payable 50,000 50,000 50 000 230 Uneamed Revenue 90,000 45,000 45,000 45,000 310 Link, Capital 1,000,000 1,000,000 1,000,000 410 Service Revenue 1,000,000 70,000 1,070,000 P1.070,000 510 Utilities Expense 100,000 50,000 150,000 P150,000 520 Rent Expense 270,000 270,000 270,000 P2,290,000 P2,290,000 P390,000 P390,000 P2,365,000 P2,365,000 P420,000 P1,070,000 P1,945,000 P1,295,000 Profit 650,000 650,000 P1,070,000 P1,070,000 P1,945,000 P1,945,000