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 nameTrial Balance31-Dec-19AccountDebitCreditCash 86600 A/R 0 Furniture 810 Office Equipment 2000 A|P 810Notes Payable 1900Capital 80000Fees Earned 8100Rent Expense 1200 Utilities Expense 200 9081090810 Create the financial statements using excel and a word document using the attachment given

Financial statements are the reports that indicate the financial position of the business. The…

Answered: From the trial balance you are to…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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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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