Repare an income statement. 2. prepare a statement of owner's equity. if an amount is zero, enter "0". 3. prepare a balance sheet. the following trial balance is taken after one month of operation. tj’s paint service trial balance july 31, 20 - - account title account no. debit balance credit balance cash 101 4 3 0 0 accounts receivable 122 1 1 0 0 supplies 141 8 0 0 paint equipment 183 9 0 0 accounts payable 202 2150 tj ulza, capital 311 3205 tj ulza, drawing 312 5 0 0 painting fees 401 3600 wages expense 511 900 rent expense 521 250 phone expense 525 50 transportation expense 526 60 utilities expense 533 70