1.Calculate the balance for each of the accounts, using the T accounts and footing.

2. Categorize each account under Assets, Liabilities, Equity, Revenue or Expenses.

3. Prepare an Income Statement, Statement of Owner's Equity, and a Balance Sheet.

> E F 2 4,960 11 G H Salary Expense Cash 15 Jun S S 4,960 12 18 Jun S 4,680 Cash Accounts Receivable S 4,680 13 20-Jun S 7,200 Accounts Payable Cash $ 7,200 14 25-Jun $ 370 Telephone Expense Cash S 370 15 27-Jun Utilities Expense Cash $ 970 5 970 16 28-Jun $ 4,800 Jenna Davis, Draw Cash S 4,800 17 30-Jun $ 7,130 Salary Expense Cash S 7,130 E 32 65 > E F 2 4,960 11 G H Salary Expense Cash 15 Jun S S 4,960 12 18 Jun S 4,680 Cash Accounts Receivable S 4,680 13 20-Jun S 7,200 Accounts Payable Cash $ 7,200 14 25-Jun $ 370 Telephone Expense Cash S 370 15 27-Jun Utilities Expense Cash $ 970 5 970 16 28-Jun $ 4,800 Jenna Davis, Draw Cash S 4,800 17 30-Jun $ 7,130 Salary Expense Cash S 7,130 E 32 65