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Cash 6,100 Laundry Supplies 9,560 Prepaid Insurance 8,490 Laundry Equipment 105,100 Accumulated Depreciation Laundry Equipment 40,200 Accounts Payable 6,100 Mortgage Payable 10,000 Capital Stock 6,000

Cash 6,100

Laundry Supplies 9,560

Prepaid Insurance 8,490

Laundry Equipment 105,100

Accumulated

Depreciation Laundry Equipment 40,200

Accounts Payable 6,100

Mortgage Payable 10,000

Capital Stock 6,000

Retained Earnings 1-1-2003 31,800

Dividends 2,000

Laundry Revenue 170,900

Wages Expense 61,400

Rent Expense 36,000

Utilities Expense 10,000

Insurance Expense 13,650

Miscellaneous Expense 12,700

Total 265,000 265,000

Prepare and income statement, retained earnings statement and balance statement for Steve

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