Account. Balance

account receivable 2,600

rent expense. 4,000

supplies. 2,000

cash. 79,500

retained earnings. 16,500

repair expense. 500

Advertising expense. 2,000

inventory 1,200

accounts payable. 2,200

common stock. 55,000

equipment 10,000

note payable. 21,600

salary expense. 9,500

service revenue. 60,800

1 prepare the income statement for the period ending December 31,20xx

2.prepare the balance sheet for December 31,20xx