Refer to the adjusted trial balance in Exercise 3-21 for the month ended April 30, 2012

Price: $2.99



E3-25 Preparing the financial statements [20 min]
Refer to the adjusted trial balance in Exercise 3-21 for the month ended April 30, 2012.

Requirements

1. Prepare the income statement.

2. Prepare the statement of owner’s equity.

3. Prepare the balance sheet.

data from E3-21

JOBS–4–U EMPLOYMENT SERVICE  Adjusted Trial Balance April 30, 2012
		Trial Balance		Adjusted Trial Balance
	Account	Debit	Credit	Debit	Credit
	Cash	$ 900		$ 900
	Accounts receivable	4,100		5,600
	Supplies	1,000		500
	Equipment	32,500		32,500
	Accumulated depreciation		$14,400		$15,400
	Salary payable				1,200
	Yost, capital		23,300		23,300
	Yost, drawing	4,800		4,800
	Service revenue		9,100		10,600
	Salary expense	2,500		3,700
	Rent expense	1,000		1,000
	Depreciation expense			1,000
	Supplies expense			500
	Total	$46,800	$46,800	$50,500	$50,500