1. Use the Following Ledger to create the Income Statement and Balance Sheet. (NOTE - You do NOT need a statement of owner's equity) 500 Accounts Payable 210 Opening Balance 18-Jan 500 0 General Ledger Unearned Revenue 215 11-Jan 500 500 Opening Balance 7,500 Bank Loan 220 Cash 101 Date Description Opening Balance 08-Jan 11-Jan 17-Jan 18-Jan 23-Jan Transaction Balance DR CR DR CR 11,000 20000 31,000 500 31,500 2300 33,800 2500 31,300 7000 24,300 Opening Balance Mr. V Capital 300 13000 33000 08-Jan 20000 Service Revenue 400 A/R 105 Opening Balance 6000 9500 17-Jan 19-Jan 2300 3500 2300 5800 19-Jan 3500 Travel Expense 505 Prepaid Rent 115 123-Jan 7000 7000 25-Jan 700 700 Equipment Opening Balance 6000 120 22-Jan 2000 8000 Maintenance Expense 510 27-Jan 1700 1700 Credit Card Payable 205 2000 Opening Balance 18-Jan 22-Jan 25-Jan 27-Jan 2000 2000 700 1700 0 2000 2700 4400