From the following account balances for June 2016, prepare in proper form (a) An income statement, (b) A statement of owner 's equity, and (c) A balance sheet for French Realty $3,310 S French, Withdrawals 2,900 Cash Accounts Receivable Office Equipment Accounts Payable S French, Capital, June 1, 2...

a FRENCH REALTY INCOME STATEMENT FOR THE MONTH ENDED JUNE 30 2016 Revenue Professional Fees 2 9 0 ...

From the following account balances for June 2016, prepare in proper form (a) An income statement, (b)

Question:

From the following account balances for June 2016, prepare in proper form
(a) An income statement,
(b) A statement of owner's equity, and
(c) A for French Realty.

$3,310 S. French, Withdrawals 2,900 Cash Accounts Receivable Office Equipment Accounts Payable S. French, Capital, June

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...