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  1. business
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  3. given the adjusted trial balance below, prepare (i

Given the adjusted trial balance below, prepare (in good form) an income statement, statement of...

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Accounting

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Given the adjusted trial balance below, prepare (in good form) an income statement, statement of owner's equity, and balance sheet. The name of the business is Duncore Secretarial Service and the accounting period coincides with the calendar year. 7. Duncore Secretarial Service Adjusted Trial Balance December 31, 20x7 Cash $ 265 Accounts Receivable Supplies Prepaid Insurance Office Equipment Accumulated Depreciation-Office Equipment Accounts Payable 1,000 S 150 600 Salaries Payable Marina Duncore, Capital Service Revenue Salaries Expense Supplies Expense Insurance Expense Depreciation Expense-Office Equipment .585 $2,585

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