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Debit Credit Cash Accounts receivable Interest receivable Notes receivable (due in 90 days) office supplies Automobiles Accumulated depreciation-Automobiles Equipment Accumulated depreciation-Equipment Land Accounts payable Interest

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Debit Credit Cash Accounts receivable Interest receivable Notes receivable (due in 90 days) office supplies Automobiles Accumulated depreciation-Automobiles Equipment Accumulated depreciation-Equipment Land Accounts payable Interest payable Salaries payable Unearned fees Long-term notes payable R. Chiara, Capital R. Chiara, Withdrawals Fees earned Interest earned Depreciation expense-Automobiles Depreciation expense-Equipment Salaries expense Wages expense Interest expense office supplies expense Advertising expense Repairs expense-Automobiles Totals $ 209,400 55, 000 19, 600 168, 500 15, 500 168, 00G $ 100, 000 136, 000 16, 000 83, 000 105, 00G 45, 000 18, 000 38, 000 142, 000 275, 800 55, 000 574, 000 30, 000 26, 500 22, 000 185, 00G 44, 000 34, 200 35, 600 60, 500 26, 000 $1,343, 800 $1, 343, 800 Required: 1(a) Prepare the income statement for the year ended December 31, 2017. 1(b) Prepare the statement of owner's equity for the year ended December 31, 2017. 1(c) Prepare Chiara Company's balance sheet as of December 31, 2017. statement or o balance sh CHIARA COMPANY Income Statement For Year Ended December 31,2017 CHIARA COMPANY Statement of Owner's Equity For Year Ended December 31,2017 R. Chiara, Capital, December 31, 2016 R. Chiara, Capital, December 31,2017$ Balance Sheet December 31, 2017

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