Cash-10,000

A/R-7840

Prepaid rent: 2280

Equip: 23050

Accumulated depreciation equip:4921

Notes payable due 10/22: 5700

A/P- 4920

Common stock: 20,000

Retained earning: 7960

Divideds: 3650

Service revenue: 15590

Salaries and wages expense: 10840

Rent expense: 760

Depreciation expense: 671

Interest expense: 57

Interest payable: 57

Create an income statement and a balance sheet for 4/22