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Account Title Debit Credit Cash Office supplies Prepaid insurance Equipment $ 23,100 1,000 1,200 75,000 Accumulated depreciation-Equipment $ 15,000 Accounts payable 10,000 Notes Payable 55,000
Account Title Debit Credit Cash Office supplies Prepaid insurance Equipment $ 23,100 1,000 1,200 75,000 Accumulated depreciation-Equipment $ 15,000 Accounts payable 10,000 Notes Payable 55,000 Unearned service revenue 4,000 Capital 33,000 Withdrawals 16,000 Repair service revenue 70,000 Wages expense Rent expense Depreciation expense Office supplies expense Utilities expense Insurance expense 50,000 12,000 5,000 1,000 1,500 1,200 Required: Totals $ 187,000 $ 187,000 Based on the adjusted account balances listed above, complete the following: a. Income Statement b. Statement of Owner's Equity (Note: all owner investements were made during 2021) c. Balance Sheet Remember: All adjustments have already been made
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