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Using the adjusted trial balance, could you prepare an income statement, statement of owner's equity and a balance sheet using the equations and links of the microsoft Excel E.H. Amr company Amr company Adjusted trial balance Income statement Account name Debit Credit Debit Credit Cash 4550 Accounts receivable 1510 Office equipment 11500 4500 Accounts payable 1140 Amr capital 11370 Amr drawing 400 Commission earned 5620 Advertising expense 800 Salaries expense 2400 Rent expense 570 Amr company Depreciation expense 900 Statement of owner's equity Total 22630 22630 Debit Credit Amr company Balance sheet Debit Credit Assets: Accumulated depreciation- office equipment A B C D E F G H 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44

Financial Statements

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How to prepare financial statements from trial balance

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Page 1: Financial Statements

Using the adjusted trial balance, could you prepare an income statement, statement of owner's equity and a balance sheet using the equations and links of the microsoft Excel

E.H.

Amr company Amr companyAdjusted trial balance Income statementAccount name Debit Credit Debit CreditCash 4550Accounts receivable 1510Office equipment 11500

4500

Accounts payable 1140Amr capital 11370Amr drawing 400Commission earned 5620Advertising expense 800Salaries expense 2400Rent expense 570 Amr companyDepreciation expense 900 Statement of owner's equityTotal 22630 22630 Debit Credit

Amr companyBalance sheet

Debit CreditAssets:

Accumulated depreciation-office equipment

A B C D E F G H123456

7

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Page 2: Financial Statements

Using the adjusted trial balance, could you prepare an income statement, statement of owner's equity and a balance sheet using the equations and links of the microsoft Excel

E.H.

I123456

7

891011121314151617181920212223242526272829303132333435363738394041424344