Question: please use proper accounting terms Question 2 [30 points] Jan Taylor started Velor Inc. on September 1, 2014. The adjusted trial balance shown below has
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please use proper accounting terms
Question 2 [30 points] Jan Taylor started Velor Inc. on September 1, 2014. The adjusted trial balance shown below has been prepared for Velor Inc. as of September 30, 2014. Use this information to prepare the income statement a statement of changes in equity for the month ended September 30 along with the September 30 balance sheet. Velor Inc. Adjusted Trial Balance September 30, 2014 (select one) Income Statement (select one) Debit Accounts payable Accumulated depreciation, machinery Credit 36,500 18,500 11,000 72,000 94,000 Accumulated depreciation, trucks Commissions earned Consulting revenue earned Depreciation expense, machinery 18,500 11,000 Depreciation expense, trucks Dividends 35,500 Interest earned 27,500 Interest expense 10,500 Share Retained Total Capital Earnings Equity Interest receivable 33,000 Machinery 112,500 23,500 Prepaid interest Rent earned 49,500 Rent expense 58,000 Rent payable 43,500 Rent receivable 47,000 Share capital 65,000 Trucks 89,500 21,500 Unearned consulting revenue Totals 439,000 439,000 23:48 13C 21-06-2022 Cloudy T D X X X X X X X X X X +++ +++++ +4 148 Q (select one) Statement of Changes in Equity (select one) (select one) Balance Sheet (select one) U ENG IN 40 D
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