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3. The following T accounts were taken from the ledger of the Utility Service Company. Prepare Balance and Income statement from these accounts. (20 POINTS)
3. The following T accounts were taken from the ledger of the Utility Service Company. Prepare Balance and Income statement from these accounts. (20 POINTS) Cash 11 Drawing 32 13,200 8,000 Supplies 12 Service Income 41 700 200 22,200 Equipment 13 Supplies Expense 51 11,000 200 Accounts Payable 21 Salaries Expense 52 6,100 8,400 8,200 Capital 31 Rent Expense 53 24,000 7,400
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