What is the solution to this problem?Appendix 1: Financial Statements From an End-of-Period SpreadsheetAlert Security Services Co. offers security services to business clients.Alert Security Services Co.End-of-Period SpreadsheetFor the Year Ended October 31, 2019 Adjusted Trial BalanceIncome StatementBalance SheetAccount Title Dr. Cr. Dr. Cr. Dr. Cr.Cash70 Accounts Receivable510 Supplies23 Prepaid Insurance17 Land580 Equipment232 Accum. Depr.—Equipment 46 Accounts Payable 209 Wages Payable 23 Brenda Schultz, Capital 1,010 Brenda Schultz, Drawing46 Fees Earned 568 Wages Expense139 Rent Expense70 Insurance Expense58 Utilities Expense41 Supplies Expense35 Depreciation Expense23 Miscellaneous Expense12 Totals1,856 1,856 Net income (loss) Prepare an income statement for Alert Security Services Co.Alert Security Services Co.Income StatementFor the Year Ended October 31, 2019 $fill in the blank 602091022f91006_2Expenses: $fill in the blank 602091022f91006_4 fill in the blank 602091022f91006_6 fill in the blank 602091022f91006_8 fill in the blank 602091022f91006_10 fill in the blank 602091022f91006_12 fill in the blank 602091022f91006_14 fill in the blank 602091022f91006_16 Total expenses fill in the blank 602091022f91006_17 $fill in the blank 602091022f91006_19Prepare a statement of owner's equity for Alert Security Services Co. Negative amounts should be indicated by a minus sign.Alert Security Services Co.Statement of Owner's EquityFor the Year Ended October 31, 2019 $fill in the blank 64a68700707ffac_2 $fill in the blank 64a68700707ffac_4 fill in the blank 64a68700707ffac_6 fill in the blank 64a68700707ffac_8 $fill in the blank 64a68700707ffac_10Prepare a balance sheet for Alert Security Services Co.Alert Security Services Co.Balance SheetOctober 31, 2019AssetsCurrent assets: $fill in the blank e8eabb037fcb05b_2 fill in the blank e8eabb037fcb05b_4 fill in the blank e8eabb037fcb05b_6 fill in the blank e8eabb037fcb05b_8 Total current assets $fill in the blank e8eabb037fcb05b_9Property, plant, and equipment: $fill in the blank e8eabb037fcb05b_11 $fill in the blank e8eabb037fcb05b_13 fill in the blank e8eabb037fcb05b_15fill in the blank e8eabb037fcb05b_16 Total property, plant, and equipment fill in the blank e8eabb037fcb05b_17Total assets $fill in the blank e8eabb037fcb05b_18LiabilitiesCurrent liabilities: $fill in the blank e8eabb037fcb05b_20 fill in the blank e8eabb037fcb05b_22 Total liabilities $fill in the blank e8eabb037fcb05b_23Owner's Equity fill in the blank e8eabb037fcb05b_25Total liabilities and owner's equity $fill in the blank e8eabb037fcb05b_26

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Answered: Prepare an income statement for Alert…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Appendix 1: Financial Statements From an End-of-Period Spreadsheet

Alert Security Services Co. offers security services to business clients.

Alert Security Services Co.
End-of-Period Spreadsheet
For the Year Ended October 31, 2019

	Adjusted Trial Balance	Income Statement	Balance Sheet
Account Title	Dr.	Cr.	Dr.	Cr.	Dr.	Cr.
Cash	70
Accounts Receivable	510
Supplies	23
Prepaid Insurance	17
Land	580
Equipment	232
Accum. Depr.—Equipment			46
Accounts Payable			209
Wages Payable			23
Brenda Schultz, Capital			1,010
Brenda Schultz, Drawing	46
Fees Earned			568
Wages Expense	139
Rent Expense	70
Insurance Expense	58
Utilities Expense	41
Supplies Expense	35
Depreciation Expense	23
Miscellaneous Expense	12
Totals	1,856		1,856
Net income (loss)

Prepare an income statement for Alert Security Services Co.

Alert Security Services Co.
Income Statement
For the Year Ended October 31, 2019
		$fill in the blank 602091022f91006_2
Expenses:
	$fill in the blank 602091022f91006_4
	fill in the blank 602091022f91006_6
	fill in the blank 602091022f91006_8
	fill in the blank 602091022f91006_10
	fill in the blank 602091022f91006_12
	fill in the blank 602091022f91006_14
	fill in the blank 602091022f91006_16
Total expenses		fill in the blank 602091022f91006_17
		$fill in the blank 602091022f91006_19

Prepare a statement of owner's equity for Alert Security Services Co. Negative amounts should be indicated by a minus sign.

Alert Security Services Co.
Statement of Owner's Equity
For the Year Ended October 31, 2019
		$fill in the blank 64a68700707ffac_2
	$fill in the blank 64a68700707ffac_4
	fill in the blank 64a68700707ffac_6
		fill in the blank 64a68700707ffac_8
		$fill in the blank 64a68700707ffac_10

Prepare a balance sheet for Alert Security Services Co.

Alert Security Services Co.
Balance Sheet
October 31, 2019
Assets
Current assets:
		$fill in the blank e8eabb037fcb05b_2
		fill in the blank e8eabb037fcb05b_4
		fill in the blank e8eabb037fcb05b_6
		fill in the blank e8eabb037fcb05b_8
Total current assets			$fill in the blank e8eabb037fcb05b_9
Property, plant, and equipment:
		$fill in the blank e8eabb037fcb05b_11
	$fill in the blank e8eabb037fcb05b_13
	fill in the blank e8eabb037fcb05b_15	fill in the blank e8eabb037fcb05b_16
Total property, plant, and equipment			fill in the blank e8eabb037fcb05b_17
Total assets			$fill in the blank e8eabb037fcb05b_18
Liabilities
Current liabilities:
		$fill in the blank e8eabb037fcb05b_20
		fill in the blank e8eabb037fcb05b_22
Total liabilities			$fill in the blank e8eabb037fcb05b_23
Owner's Equity
			fill in the blank e8eabb037fcb05b_25
Total liabilities and owner's equity			$fill in the blank e8eabb037fcb05b_26

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