Prepare the financial statements

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Reference no: EM133424632

Question: find a list of accounts in alphabetical order as of December 31, 2020 for GBC Inc. The debits equal the credits, so this could be taken as a random trial balance of sorts.

Accounts payable. 3,300. Prepaid rent 800

Accounts receivable. 5,000. Rent expense. 4,500 C.

Pettipas, capital. 22,500. Salaries expense 1,000 C.

Pettipas, drawings. 1,100. Service revenue. 8,000

Cash. 6,400. Supplies. 650

Equipment. 14,600. Unearned revenue. 250

Required: On this same Excel page - prepare the three financial statements: Income Statement, Statement of Owner Equity and a Balance sheet in good form.

Reference no: EM133424632

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