Chapter 4 Financial Statements The following is the adjusted trial balance for Nadia Company. Nadia Company Adjusted Trial Balance December 31, 2010 Cash Accounts Receivable Prepaid Expenses Equipment Accumulated Depreciation Accounts Payable Notes Payable – Due on June 30, 2011 Nadia Porter, Capital Nadia Porter, Withdrawals Fees Earned Wages Expense Rent Expense Utilities Expense Depreciation Expense Miscellaneous Expense Totals 5,130 3,300 550 12,400 2,200 700 4,000 13,000 700 9,930 2,450 1,900 1,475 1,150 775 29,830 29,830 Prepare an Income Statement, Balance Sheet, and Statement of Owner’s Equity. Assume that the capital account started with a beginning balance of $10,000 (Capital January 1= $10, 000)