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.

General Journal Number Date Debit Credit 1 1.Jun Cash $ 37,600 Jenna Davis, Capital $ 37,600 2 2Jun Rent Expense S 1,720 Cash S 1,720 3 3-Jun Office Furniture $ 12,600 Cash S 1,800 Accounts Payable S 10,800 4 4-Jun Supplies S 1,960 o En GL 32 X