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.

F 6 H D Cash S 1.960 5 t-lun Cash $ 7,980 Revenue 5 7,980 6 7-un Advertising Expense s 7,000 Cash $ 7,000 7 8-Jun Equipment s 14,100 Cash s 5,250 Accounts Payable $ 8,850 8 10-Jun S 5,670 Accounts Recelvable Revenue $ 5,670 9 11-Jun S 2,850 Accounts Payable Cash S 2,850 10 12-Jun S 11,400 Cash Revenue $ 11,400 11 15-Jun Salary Expense S 4960 o Hi E 32 65 E F 6 H D Cash S 1.960 5 t-lun Cash $ 7,980 Revenue 5 7,980 6 7-un Advertising Expense s 7,000 Cash $ 7,000 7 8-Jun Equipment s 14,100 Cash s 5,250 Accounts Payable $ 8,850 8 10-Jun S 5,670 Accounts Recelvable Revenue $ 5,670 9 11-Jun S 2,850 Accounts Payable Cash S 2,850 10 12-Jun S 11,400 Cash Revenue $ 11,400 11 15-Jun Salary Expense S 4960 o Hi E 32 65 E