General Ledger Account Cash Elizabeth Bakery LLC Adjusted Trial Balance For the 12-Months Ending July 31, 2022 Accounts Receivable Supplies Prepaid Rent Prepaid Insurance Equipment (cost) Accumulated Depreciation-Equipment Accounts Payable Salaries & Wages Payable Interest Payable Unearned Revenue Notes Payable Owner's Capital Owner's Drawings Service Revenue Depreciation Expense-Computer Depreciation Expense-Motor Vehicle Salaries & Wages Expense Utilities Expense Rent Expense Interest Expense Debit $222,650 15,800 1,500 24,000 3,600 111,550 15,000 125 145 87,500 15,600 24,000 200,000 $721,470 Credit $52,300 34,570 45,750 250 110,600 100,000 78,000 300,000 $721,470 Prepare an Income Statement, Statement of Owners' Equity and Balance Sheet. Use proper heading for each statement.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Elizabeth Bakery LLC
Adjusted Trial Balance
For the 12-Months Ending July 31, 2022
General Ledger Account
Cash
Accounts Receivable
Supplies
Prepaid Rent
Prepaid Insurance
Equipment (cost)
Accumulated Depreciation-Equipment
Accounts Payable
Salaries & Wages Payable
Interest Payable
Unearned Revenue
Notes Payable
Owner's Capital
Owner's Drawings
Service Revenue
Depreciation Expense-Computer
Depreciation Expense-Motor Vehicle
Salaries & Wages Expense
Utilities Expense
Rent Expense
Interest Expense
Debit
$222,650
15,800
1,500
24,000
3,600
111,550
15,000
125
145
87,500
15,600
24,000
200,000
$721,470
Credit
$52,300
34,570
45,750
250
110,600
100,000
78,000
300,000
$721,470
Prepare an Income Statement, Statement of Owners' Equity and Balance Sheet. Use proper
heading for each statement.
Transcribed Image Text:Elizabeth Bakery LLC Adjusted Trial Balance For the 12-Months Ending July 31, 2022 General Ledger Account Cash Accounts Receivable Supplies Prepaid Rent Prepaid Insurance Equipment (cost) Accumulated Depreciation-Equipment Accounts Payable Salaries & Wages Payable Interest Payable Unearned Revenue Notes Payable Owner's Capital Owner's Drawings Service Revenue Depreciation Expense-Computer Depreciation Expense-Motor Vehicle Salaries & Wages Expense Utilities Expense Rent Expense Interest Expense Debit $222,650 15,800 1,500 24,000 3,600 111,550 15,000 125 145 87,500 15,600 24,000 200,000 $721,470 Credit $52,300 34,570 45,750 250 110,600 100,000 78,000 300,000 $721,470 Prepare an Income Statement, Statement of Owners' Equity and Balance Sheet. Use proper heading for each statement.
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