The following account balances are taken from the general ledger of Chipcura Repairs Corporation at November 30, 2017.
|Accounts payable||$5,000||Rent expense||$700|
|Accounts receivable||6,000||Repair revenue||8,350|
|Advertizing expense||500||Salaries expense||3,000|
|Bank loan||4,500||Salaries payable||1,000|
|Share capital||8,000||Supplies expense||250|
|Equipment||3,500||Truck operating expense||900|
1. Prepare a trial balance at November 30, 2017. Ensure total debits equal total credits. General ledger account numbers (folio) are not necessary.
2. Prepare an interim income statement and statement of changes in equity for the month ended November 30, 2017.
3. Prepare an interim statement of financial position at November 30, 2017.