Number 16 Please help

Problem 2-9A Preparing financial statements from a trial balance L06 Aceto No 101 106 124 128 163 201 230 301 302 403 623 640 690 Hipster Optical Trial Balance May 31, 2020 Account Title Cash Accounts receivable office supplies Prepaid insurance office equipment Accounts payable Unearned service revenue Peeta Black, capital Peeta Black, withdrawals Services revenue Wages expense Rent expense Utilities expense Totals Debit Credit $18,900 8,880 6,800 10, 220 26,000 $ 1,640 8,200 56,700 1,520 27, 320 15,400 4,700 1,440 $93, 860 $93,860 Required: Using the trial balance provided above, prepare an income statement and statement of changes in equity for the first month ended May 31, 2020, and a balance sheet at May 31, 2020. HIPSTER OPTICAL Income Statement For Month Ended May 31, 2020 Revenues: Operating expenses: nces Total operating expenses 0 HIPSTER OPTICAL Statement of Changes in Equity For Month Ended May 31, 2020 Peeta Black, capital, May 1 0 Total 0 $ 0 Peeta Black, capital, May 31 ces HIPSTER OPTICAL Balance Sheet May 31, 2020 Assets + Liabilities Total liabilities Equity 0 0 $ S Total liabilities and equity Total assets View transaction list Journal entry worksheet 1 Record the balance in utilities expense of $1,440 on May 31, 2020. Note: Enter debits before credits. Date General Journal Debit Credit May 31, 2020 Record entry Clear entry View general journal View transaction list Journal entry worksheet