create a income statement, owners of equity and formal balance sheet

close out revenues, expenses, income summary, and drawing

I 2 3 S 7 9 12 13 14 16 Account Ttile Cash Prepaid Insurance Equipment Accum. Deprec. - Equipment Wages Payable Capital Service Fees Wage Expense Advertising Expense Supplies Expense Insurance Expense Depreciation Exp. - Equipment income Income Statement 950 150 430 550 300 2380 240 2620 CR 2620 2620 2620 Balance Sheet CR 640 200 5400 6240 6240 1150 250 4600 6000 240 6240 create a income statement, owners of equity and formal balance sheet 19 dose out revenues, expenses, income summary, and drawin