Please do not give solution in image format thanku Using the adjusted trial provided below, prepare an incomestatement, statement of owner's equity, and balance sheet.MC Tutoring PlusAdjusted Trial BalanceJuly 31, 20X1AccountCashAccounts receivableSuppliesAccounts payableMarissa Chianese, CapitalMarissa Chianese, DrawingServices revenueRent expenseInsurance expenseMiscellaenous expense$$$es$$Դ Դ Դ$Debit47,87523,5002,0005,0005,5001,24050$$fredit3,60568,000$ 13,560$ 85,165 $ 85,165The owner made $20,000 in contributions during the period. MC Tutoring PlusIncome StatementFor the Month Ending July 31, 20X1MC Tutoring PlusStatement of Owner's EquityFor the Month Ending July 31, 20X1AssetsMC Tutoring PlusBalance SheetFor the Month Ending July 31, 20X1LiabilitiesOwner's Equity

Income statement in the business shows all incomes and all expenses of the business and at the end,…

Using the adjusted trial provided below, prepare an income statement, statement of owner's equity, and balance sheet. MC Tutoring Plus Adjusted Trial Balance July 31, 20X1 Account Cash Accounts receivable Supplies Accounts payable Marissa Chianese, Capital Marissa Chianese, Drawing Services revenue Rent expense Insurance expense Miscellaenous expense $ $ $ $ $ 555 $ $ Debit 47,875 23,500 2,000 5,000 5,500 1,240 50 fredit $ 3,605 $ 68,000 $ 13,560 $ 85,165 $ 85,165 The owner made $20,000 in contributions during the period.

Using the adjusted trial provided below, prepare an income statement, statement of owner's equity, and balance sheet. MC Tutoring Plus Adjusted Trial Balance July 31, 20X1 Account Cash Accounts receivable Supplies Accounts payable Marissa Chianese, Capital Marissa Chianese, Drawing Services revenue Rent expense Insurance expense Miscellaenous expense $ $ $ $ $ 555 $ $ Debit 47,875 23,500 2,000 5,000 5,500 1,240 50 fredit $ 3,605 $ 68,000 $ 13,560 $ 85,165 $ 85,165 The owner made $20,000 in contributions during the period.

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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