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For questions 4 1 - 4 4 , review the following information, prepare an Income Statement, Statement of Owners Equity, Balance Sheet, and answer questions.

For questions 41-44, review the following information, prepare an Income Statement, Statement of Owners Equity, Balance Sheet, and answer questions.
Anna Corazon started her business, Anna's Delivery Service, in SEP 2020. She does not have an accounting background and provided you with the following information:
Trial Balance for Anna as of SEP 30,2020:
DR CR
Cash 1,470
Accounts Receivable 2,100
Supplies 80
Prepaid Insurance 700
Delivery Equipment 4,800
Accumulated Depreciation- Delivery Equipment
Accounts Payable 1,900
Wages Payable
Anna Corazon, Capital 5,000
Anna Corazon, Drawing 3,000
Delivery Fees Earned 8,000
Wages Expense 1,650
Rent Expense 500
Supplies Expense
Phone Expense 600
Insurance Expense
Depreciation Expense- Delivery Equipment
Adjusting Entries
DR CR
Supplies Expense 60
Supplies 60
Supplies used during SEP
Insurance Expense 70
Prepaid Insurance 70
1 month of insurance has expired
Wages Expense 400
Wages Payable 400
Employee earned $400 that has not been paid
Depreciation Expense- Delivery Equip. 80
Accumulated Depr.- Del. Equip 80
Depr. on delivery scooter recognized
Anna's Capital Account on SEP 1st was $0.
What is Net Income for Anna's Delivery Service in SEP 2020?
What is the balance of Anna's Capital Account at the end of SEP 2020?
How much in assets are shown on the Balance Sheet?

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