Prepare an income statement. 2.Prepare a statement of owner's equity. If an amount is zero, enter "0". 3.Prepare a balance sheet.The following trial balance is taken after one month of operation. TJ's Paint ServiceTrial BalanceJuly 31, 20 -- Account Title ACCOUNT NO. DEBITBALANCE CREDITBALANCE Cash 101 4,260 Accounts Receivable 122 1,056 Supplies 141 840 Paint Equipment 183 878 Accounts Payable 202 2,165 TJ Ulza, Capital 311 3,120 TJ Ulza, Drawing 312 505 Painting Fees 401 3,660 Wages Expense 511 924 Rent Expense 521 294 Phone Expense 525 41 Transportation Expense 526 52 Utilities Expense 533 66 Miscellaneous Expense 549 29 8,945 8,945 Prepare an income statement. TJ's Paint Service Income Statement For Month Ended July 31, 20-- $fill in the blank 6981bffa0fc2ff4_3 $fill in the blank 6981bffa0fc2ff4_6 fill in the blank 6981bffa0fc2ff4_8 fill in the blank 6981bffa0fc2ff4_10 fill in the blank 6981bffa0fc2ff4_12 fill in the blank 6981bffa0fc2ff4_14 fill in the blank 6981bffa0fc2ff4_16 fill in the blank 6981bffa0fc2ff4_18 $fill in the blank 6981bffa0fc2ff4_20 Statement of Owners' Equity 2.Prepare a statement of owner's equity. If an amount is zero, enter "0". TJ's Paint Service Statement of Owner's Equity For Month Ended July 31, 20-- $fill in the blank 6a6c89ff301407b_2 fill in the blank 6a6c89ff301407b_4 Total investment $fill in the blank 6a6c89ff301407b_5 $fill in the blank 6a6c89ff301407b_7 fill in the blank 6a6c89ff301407b_9 fill in the blank 6a6c89ff301407b_11 $fill in the blank 6a6c89ff301407b_13 Balance Sheet 3.Prepare a balance sheet. TJ's Paint ServiceBalance SheetJuly 31, 20-- Assets Liabilities $fill in the blank a8bf5b03603afcd_2 $fill in the blank a8bf5b03603afcd_4 fill in the blank a8bf5b03603afcd_6 fill in the blank a8bf5b03603afcd_8 Owner's Equity fill in the blank a8bf5b03603afcd_10 fill in the blank a8bf5b03603afcd_12 Total assets $fill in the blank a8bf5b03603afcd_13 Total liabilities & owner's equity $fill in the blank a8bf5b03603afcd_14

Prepare an income statement. 2. Prepare a statement of owner's equity. If an amount is zero, enter "0". 3. Prepare a balance sheet. The following trial balance is taken after one month of operation....

Prepare an income statement.

2.Prepare a statement of owner's equity. If an amount is zero, enter "0".

3.Prepare a balance sheet.

The following trial balance is taken after one month of operation.

TJ's Paint Service Trial Balance July 31, 20 --
Account Title	ACCOUNT NO.	DEBIT BALANCE	CREDIT BALANCE
Cash	101	4,260
Accounts Receivable	122	1,056
Supplies	141	840
Paint Equipment	183	878
Accounts Payable	202		2,165
TJ Ulza, Capital	311		3,120
TJ Ulza, Drawing	312	505
Painting Fees	401		3,660
Wages Expense	511	924
Rent Expense	521	294
Phone Expense	525	41
Transportation Expense	526	52
Utilities Expense	533	66
Miscellaneous Expense	549	29
		8,945	8,945

Prepare an income statement.

Statement of Owners' Equity

2.Prepare a statement of owner's equity. If an amount is zero, enter "0".

Balance Sheet

3.Prepare a balance sheet.

TJ's Paint Service Balance Sheet July 31, 20--
Assets		Liabilities
	$fill in the blank a8bf5b03603afcd_2		$fill in the blank a8bf5b03603afcd_4
	fill in the blank a8bf5b03603afcd_6
	fill in the blank a8bf5b03603afcd_8	Owner's Equity
	fill in the blank a8bf5b03603afcd_10		fill in the blank a8bf5b03603afcd_12
Total assets	$fill in the blank a8bf5b03603afcd_13	Total liabilities & owner's equity	$fill in the blank a8bf5b03603afcd_14

Jun 05, 2022