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Please use the Pony Expressions Document to create the following- use good format: Income...

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Accounting

Please use the Pony Expressions Document to create the following- use good format:

Income Statement

Statement of Retained Earnings

Balance Sheet

Closing Entries

image
Pony Expressions Adjusted Trial Balance Friday, July 31, 2022 \begin{tabular}{|l|r|r|} \hline \multicolumn{1}{|c|}{ ACCOUNT TITLE } & \multicolumn{1}{|c|}{ DEBIT } & \multicolumn{1}{c|}{ CREDIT } \\ \hline Cash & $84,000 & \\ \hline Accounts Receivable & $589,000 & \\ \hline Merchandise Inventory & $1,020,000 & \\ \hline Store Equipment & $575,000 & \\ \hline Accumulated Depreciation-Store Equipment & & $84,000 \\ \hline Accounts Payable & & $53,000 \\ \hline Salaries Payable & & $12,000 \\ \hline Utilities Payable & & $30,000 \\ \hline Retained Earnings & & $527,000 \\ \hline Sales & $5,120,000 \\ \hline Cost of Goods Sold & $2,000,000 & \\ \hline Sales Salaries Expense & $735,000 & \\ \hline Advertising Expense & $290,000 & \\ \hline Depreciation Expense & $14,000 & \\ \hline Miscellaneous Selling Expense & $13,000 & \\ \hline Office Salaries Expense & $410,000 & \\ \hline Rent Expense & $89,000 & \\ \hline Administrative Expense & $7,000 & \\ \hline Totals & $5,826,000 & $5,826,000 \\ \hline \end{tabular}

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