Using the trial balance provided above, prepare an income statement and statement of changes in equity...

  

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Using the trial balance provided above, prepare an income statement and statement of changes in equity for the first month ei May 31, 2020, and a balance sheet at May 31, 2020. Hipster Optical Trial Balance Маy 31, 2020 Acct. No Account Title Debit Credit $17,900 7,880 101 Cash Accounts receivable Office supplies Prepaid insurance Office equipment Accounts payable Unearned service revenue 106 124 5,800 128 9,220 163 25,000 $ 1,540 7,200 55,700 201 230 Peeta Black, capital Peeta Black, withdrawals Services revenue 301 302 1,420 403 22,220 623 Wages expense Rent expense 14,400 3,700 1,340 640 690 Utilities expense Totals $86,660 $86,660 Using the trial balance provided above, prepare an income statement and statement of changes in equity for the first month ei May 31, 2020, and a balance sheet at May 31, 2020. Hipster Optical Trial Balance Маy 31, 2020 Acct. No Account Title Debit Credit $17,900 7,880 101 Cash Accounts receivable Office supplies Prepaid insurance Office equipment Accounts payable Unearned service revenue 106 124 5,800 128 9,220 163 25,000 $ 1,540 7,200 55,700 201 230 Peeta Black, capital Peeta Black, withdrawals Services revenue 301 302 1,420 403 22,220 623 Wages expense Rent expense 14,400 3,700 1,340 640 690 Utilities expense Totals $86,660 $86,660

Answer rating: 100% (QA)

Income Statement Revenue Service Revenue 22220 Less Expenses ... View the full answer