problem 2-14v preparing financial statements from trial balance Lincoln Landscaping ...
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Accounting
problem 2-14v preparing financial statements from trial balance
Lincoln Landscaping
Trial balance
acct no account debit credit
101 cash 23,720
106 accounts receiveable 18,600
128 prepaid insurance 13,750
167 equipment 64,600
201 accounts payable 37,500
233 unearned revenue 2,800
251 long term notes payable 58,000
301 brielle lincoln - capital 65,000
302 brielle lincoln - withdrawal 8,950
401 revenue 29,100
623 wages expense 59,000
645 rental expense 1,100
655 advertising expense 1.750
684 repairs expense 930
totals 192,400 192,400
using the trial balance provided above, prepare an income statement and a statement of changes in equity for the first three months and did July 31, 2023 and a balance sheet at July 31, 2023
analysis component: analyze the balance
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