Account

Balance

Accounts 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

Prepare the Income Statement for the period ending December 31 for Your Company

T-Mobile

Income Statement

For the year ending Dec 31, 2019

Revenues:

60,800

Expenses:

Supplies

2,000

Salary Expense

9,500

Rent Expense

4,000

Advertising Expense

2,000

Repair Expense

500

Total Expenses

18,000

Net Income

42,800

Prepare the Balance Sheet for Your Company as of December 31, 20XX

T-Mobile

Balance Sheet

31-Dec

Assets

Liabilities

Accounts Receivable

2,600

Note Payable

21,600

Inventory

1,200

Salary Expense

9,500

Cash

79,500

Equipment

10,000

Total Liabilities

31,100

Stockholders' Equity

Common Stock

5,500

Retained Earnings

16,500

Total equity

22,000

Total Assets

93,300

Total Liab. And Stkhlds' Equity

53,100

Now what am I doing wrong or missing?