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Prepare adjusted trial balance on july

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Reference no: EM132523306

The following are the balances taken from ledgers of Basten Company on July 31, 2017 after posting of adjustments.

Salaries and wages payable.................................. $ 2,080

Notes payable (long-term)........................................ 1,800

Salaries and wages expense ................................ 44,000

Cash .............................................................................. 6,000

Utilities expense ........................................................ 22,600

Unearned Service revenue ................................. 8,500

Interest Expense ..................................................... 2,700

Supplies........................................................................ 1,000

Account receivable..................................................... 9,780

Supplies Expense ....................................................... 2,000

Equipment ................................................................... 34,400

Rent expense .............................................................. 2,000

Accumulated depreciation-equipment .............. 6,000

Accounts payable........................................................ 4,100

Prepaid Rent.................................................................. 7,200

Owner's drawings...................................................... 3,000

Service revenue........................................................ 63,000

Depreciation expense.............................................. 2,000

Owner's capital (beginning of the year) ............. 51,200

Required: On the basis of above information prepare

Question a. Adjusted trial balance on July 31, 2017, Assume all accounts mentioned above have normal balances.

Question b. Comprehensive income statement.

Question c. Statement of changes in owners' equity (assume owner didn't made any investment during the period).

Question d. Classified Balance sheet.

Reference no: EM132523306

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