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Item$17$

$10$

points

Time Remaining $1$ hour $20$ minutes $18$ seconds$01$:$20$:$18$

Item $17$

Time Remaining $1$ hour $20$ minutes $18$ seconds$01$:$20$:$18$

Feline Pet Care

Trial Balance

July $31,2023$

Acct.No Account Title Debit Credit

$101$ Cash $ $22,900$

$106$ Accounts receivable $11,500$

$128$ Prepaid insurance $12,400$

$163$ Equipment $18,100$

$173$ Building $191,000$

$183$ Land $135,000$

$201$ Accounts payable $ $15,440$

$230$ Unearned revenue $91,500$

$301$ Dwight Turnbull, capital $291,760$

$302$ Dwight Turnbull, withdrawals $4,900$

$401$ Revenue $113,900$

$623$ Wages expense $57,000$

$645$ Equipment rental expense $33,000$

$655$ Advertising expense $9,100$

$684$ Pet food expense $17,700$

Totals $ $512,600$ $ $512,600$

Required:

Using the trial balance provided above, prepare an income statement and statement of changes in equity for the first year ended July $31,2023,$ and a balance sheet at July $31,2023.$

Analysis Component:

Prepare two different journal entries, that might have created the July $31,2023,$ balance in Revenue of $$113,900.$ Use July $31,2023,$ as the date for your entries.