Question: PART III (30 PTS) Using the information presented below, prepare an income statement, statement of owners equity and balance sheet from the adjusted trial balance
PART III (30 PTS) Using the information presented below, prepare an income statement, statement of owners equity and balance sheet from the adjusted trial balance of Hanson Storage. Beginning Capital balance at start of the year was $20,000. 28.000 14,200 1,700 100,000 45,000 11.500 71,900 Martin Sky Taxi Services Adjusted Trial Balance For the year ended December 31 Cash Accounts receivable .. Office supplies.. Airplanes .. Accumulated depreciation - Airplanes Accounts payable. Helena Martin, Capital . Helena Martin, Withdrawals .. Fees earned ...... Rent expense ....... Office supplies expense ......... Utilities expense.... Depreciation Expense - Airplanes.... Salary expense ....... Fuel expense ....... Totals ........ 40,000 150,000 13,000 2.000 2,500 15,000 50,000 12.000 $278.400 $278.400
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