Expands on: E1-9 LO: 5
Seattle Service had the following financial information at the end of 2017.
	1/1/2017	2017	12/31/17
Accounts Payable $15,000	15000
Accounts Receivable		$1,000	20,000
Advertising Expense
Cash			11,000
Owner's Capital	$21,000		?
Owner's Drawings		9,000
Equipment			33,000
Notes Payable			20,000
Rent Expense		3,500
Salaries and Wages Expense		16,000
Serv;ce Revenue		40,000
Utilities Expense		2,500
Instructions:
Prepare a 2017 income statement, 2017 owner's equity statement, and a 12/31/17 balance sheet for Seattle Service.