of $+$ Accounting $+1+$ Project$+$Final

Using the Adjusted Trial Balance shown below, prepare $($a$)$ an Income Statement and $($b$)$ Statement of Retained Earnings, and $($c$)$ a Balance Sheet for All Star Repairs; $2)$ Prepare the closing entries for All Star Repairs as well.

All Star Repairs

Adjusted Trial Balance

July $31$

$\backslash$table$[[,$Debit,Credit$],[$Cash$,$$$20,200,],[$Accounts receivable,$70,600,],[$Supplies$,2,500,],[$Shop equipment,$26,600,],[$Accumulated depreciation: shop equipment,,$$9,600$