Question

Problem 2-9A Preparing financial statements from a trial balance LO6
Acct. No
101
106
124
128
163
201
Hipster Optical
Trial Balance
May 31, 2020
Account Title
Cash
Accounts receivable
Office supplies
Prepaid insurance
Office equipment
Accounts payable
Unearned service revenue
Peeta Black, capital
Peeta Black, withdrawals
Services revenue
Wages expense
Rent expense
Utilities expense
230
Debit Credit
$18,400
8,380
6,300
9,720
25,500
$ 1,590
7,700
56,280
1,470
24,770
14,900
4,280
1,390
$90,260 $90, 260
301
382
403
623
640
690
Totals
Required:
Using the trial balance provided above, prepare an income statement and statement of changes in equity
May 31, 2020. and a balance sheet at May 31, 2020
HIPSTER OPTICAL
Income Statement
For Month Ended May 31 2020

Answer 1

Answer:

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