1 js incorporated reported following adjusted trial balance numbers 12312012 cash 50000 ar 2

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1. J+S Incorporated reported the following adjusted trial balance numbers for 12/31/2012. Cash $50,000 A/R $20,000 Supplies $10,000 Prepaid Rent $15,000 Land $250,000 Building $175,000 Accum Depr. – Build. $55,000 Accts Payable $65,000 L.T. Note Payable $80,000 Unearned Revenue $100,000 Owner Capital $50,000 Owner Drawing $15,000 Service Revenue $300,000 Salary Expense $65,000 Rent Expense $35,000 Utility Expense $15,000 Below, create the financial statements for J+S Incorporated for the year ended 12/31/2012. There were no investments by the owner for 2012. Use proper formatting. (Income Statement, Statement of Owners Equity, Side-by-Side Bal. Sheet)

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