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  3. quickly please q3. the trial balance for the yea

quickly please Q3. The trial balance for the year ended December 31, 2020,...

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Accounting

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quickly please

Q3. The trial balance for the year ended December 31, 2020, for Debra Company is shown below. Prepare an income statement and a balance sheet. Account Debit Cash Credit 35000 Accounts receivable 5000 Beginning inventory 4000 Prepaid insurance 3000 Car 6000 Accumulated depreciation 2000 Accounts payable 4000 Sales 35000 Drawing 2000 Purchases 13000 Interest Expense 1000 Sales return 500 Sales discount 1500 Salary expenses 3000 Advertising expense 2000 Investment Revenue 2000 Long Term Debit 4000 Rent payable 3000 Owner Capital 26000 Total 76000 76000 Note Ending Inventory is $5000

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