1.Following are the general journal information of Extra Consultancy Firm for 2018.

Required:

a.Prepare Income Statement

b.Prepare Balance Sheet

Event 1. Following are the general journal information of Extra Consultancy Firm for 2018. Account Titles Cash Debit Credit 20,000 Common Stock 20,000 2 . Account Receivable 10,000 Service Revenue 10,000 3. Prepaid Rent 4,000 Cash 4,000 1. Operating expense 2,000 Account Payable 2,000 5. Cash Notes Payable 3,000 3,000 6. Rent expense 1,400 Prepaid Rent 1,400 7. Cash 7,000 Unearned Revenue 7,000 8. Supplies 500 Cash 500 9. Cash 6,200 Service Revenue 6,200 10. Unearned Revenue 700 Service Revenue 700 11. Supplies expense 250 Supplies 250 12. Cash 6,000 Account Receivable 6,000 Required: a. Prepare Income Statement b. Prepare Balance Sheet