Accounts payable $ 18,000 4,000 88,000 19,000 30,000 16,000 20,000 8,000 26,000 55,000 37,000 115,000 Accounts receivable Investments Cash Common stock Dividends Prepaid insurance Insurance expense...

AAA corporation unadjusted trial balance follows.  On December 31, 2020, the accountant noticed that few adjustments should be made.

• Accrued interest revenue on investments at period end, $2,200


• Insurance still unexpired at end of the period, $12,000

1. Prepare:


2. Adjusted trail balance


3. Income statement


4. Statement of shareholder’s equity


5. Balance sheet.

Extracted text: Accounts payable $ 18,000 4,000 88,000 19,000 30,000 16,000 20,000 8,000 26,000 55,000 37,000 115,000 Accounts receivable Investments Cash Common stock Dividends Prepaid insurance Insurance expense Land Notes payable (long term) Salaries expense Sales revenue