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Create an Income Statement / Owners Equity Statement / Balance Sheet using the following. Invested cash in the business, $5,000. Purchased supplies for cash, $1,000.
Create an Income Statement / Owners Equity Statement / Balance Sheet using the following.
Invested cash in the business, $5,000. Purchased supplies for cash, $1,000. Paid utility bill, $600. Performed services for customer, $2,500 cash Owner withdrew $500 for personal reasons Purchased office equipment on account, $1,250 Performed services for customer on account, $2,000 Purchased prepaid insurance. $600 cash Paid monthly rent, $500 cash Performed services for customer, $4,000 cash Paid monthly telephone bill, $250 Owner withdrew $1,000 for personal reasons Performed services for customers, $3,500, $2,000 cash and $1,500 on account Purchased office equipment on account, $2,000 Paid $1,250 on office furniture purchased in transaction fStep by Step Solution
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