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From the trial balance you are to complete the three basic financial statements in the correct order (income, capital, and balance sheet).  After completing the financial statements, you are to comment on how the company is doing.   Required: Create the three financial statements from the trial balance below.   Your name Trial Balance 31-Dec-19 Account Debit Credit Cash     86600   A/R     0   Furniture     810   Office Equipment   2000   A|P       810 Notes Payable     1900 Capital       80000 Fees Earned     8100 Rent Expense   1200   Utilities Expense   200         90810 90810   Create the financial statements using excel and a word document using the attachment given

From the trial balance you are to complete the three basic financial statements in the correct order (income, capital, and balance sheet).  After completing the financial statements, you are to comment on how the company is doing.   Required: Create the three financial statements from the trial balance below.   Your name Trial Balance 31-Dec-19 Account Debit Credit Cash     86600   A/R     0   Furniture     810   Office Equipment   2000   A|P       810 Notes Payable     1900 Capital       80000 Fees Earned     8100 Rent Expense   1200   Utilities Expense   200         90810 90810   Create the financial statements using excel and a word document using the attachment given

Financial Accounting Intro Concepts Meth/Uses
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
Chapter3: The Basics Of Record Keeping And Financial Statement Preparation: Income Statement
Section: Chapter Questions
Problem 20P
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From the trial balance you are to complete the three basic financial statements in the correct order (income, capital, and balance sheet).  After completing the financial statements, you are to comment on how the company is doing.

 

Required:

Create the three financial statements from the trial balance below.

 

Your name

Trial Balance

31-Dec-19

Account

Debit

Credit

Cash

 

 

86600

 

A/R

 

 

0

 

Furniture

 

 

810

 

Office Equipment

 

2000

 

A|P

 

 

 

810

Notes Payable

 

 

1900

Capital

 

 

 

80000

Fees Earned

 

 

8100

Rent Expense

 

1200

 

Utilities Expense

 

200

 

 

 

 

90810

90810

 

Create the financial statements using excel and a word document using the attachment given

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