1A-5. From the following acCount balances, prepare in proper form for November (a) an income statement, (b) a statement of owner's equity, and (c) a balance sheet for Frederick Realty Cash $4,800 S. Frederick, Withdrawals $120 Accounts Receivable 1,230 Professional Fees 3,000 office Equipment 8,300 Salaries Expense 550 Accounts Payable 4,000 Utilities Expense 200 S. Frederick, Capital, Nov. 1, 201X 9,000 Rent Expense 800 Set B (5 min) LO1 Accept &Close site, you are agreeing to our Cookie Policy