Reference no: EM133186372
Question - A list of accounts and their balances of O'Neill's Psychological Services, at its year end July 31, 2021, is presented below:
Supplies - $825
Unearned Revenue - 1,500
Supplies Expense - 5,975
Cash - 6,445
Accounts Receivable - 7,335
Accounts Payable - 9,300
Rent Expense - 10,835
Notes Payable - 22,000
Salaries Expense - 45,050
T. O'Neill, Drawings - 57,450
Equipment - 58,100
T. O'Neill, Capital - 64,350
Service Revenue - 94,865
Required -
1. Prepare a trial balance in financial statement order.
2. Prepare an income statement.
3. Prepare statement of owner's equity. (List items that increase owner's equity first.)
4. Prepare balance sheet.
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: A list of accounts and their balances of O'Neill's Psychological Services, at its year end July 31, 2021, Prepare a trial balance in financial statement order
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