Question

Question 1 of 5 0.67/1 View Policies Show Attempt History Current Attempt in Progress The adjusted trial balance for Carla Vista Company is shown below. $10,500 CARLA VISTA COMPANY Trial Balance August 31, 2020 Before Adjustment Dr. Cr. Cash Accounts Receivable 8,600 Supplies 2.300 Prepaid Insurance 3,900 Equipment 13,000 Accumulated Depreciation Equipment $ 3,700 Accounts Payable 5.900 Salaries and Wages Payable 0 Unearned Rent Revenue 1,400 Owner's Capital 13,900 Service Revenue 34,200 Rent Revenue 11.200 Salaries and Wages Expense 16.800 Supplies Expense 0 Rent Expense 15,200 Insurance Expense 0 Depreciation Expense 0 $70,300 $70,300 After Adjustment Dr. Cr. $10.500 9,600 500 2.500 13.000 $ 4,300 5.900 1,400 600 13,900 35,200 12,000 18,200 1,800 15,200 1.400 600 $73.300 $73,300 $70,300 (a) Your answer is correct. Prepare the income statement for the year.
Help needed with balance sheet please.

Answer 1

Balance Sheet
August 31,2020
Assets
Cash		10500
Accounts Receivable		9600
Supplies		500
Prepaid insurance		2500
Equipment	13000
Less: Accumulated Depreciation Equipment	4300	8700
Total assets		31800
Liabilities and Owner's Equity
Liabilities
Accounts Payable		5900
Salaries and wages payable		1400
Unearned rent Revenue		600
Total Liabilities		7900
Owner's Equity
Owner's Capital		23900
Total Liabilities and Owner's Equity		31800