preparing financial statements from a trial balance

Problem 2-9A Preparing financial statements from a trial balance LO6 Required: Using the trial balance provided above, prepare an income statement and statement of changes in equity for the first month ended May 31, 2023, and a balance sheet at May 31, 2023. Required: Using the trial balance provided above, prepare an income statement and statement of changes in equity for the first month ended May 31, 2023, and a balance sheet at May 31, 2023. Analysis Component: Prepare two different journal entries that might have created the May 31,2023 balance in the Utilities Expense of $1.480. Use May 31 , 2023 as the date for your entries. Journal entry worksheet Record the balance in utilities expense of $1,480 on May 31,2023. Notel Enter debits before credits. Journal entry worksheet Record the receipt of the May utility bill, which will be paid next month. Note: Enter debits before credits