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From the partial work sheet, prepare an income statement, a statement of owner's equity, and a classified balance sheet. The owner made no additional
From the partial work sheet, prepare an income statement, a statement of owner's equity, and a classified balance sheet. The owner made no additional investments in the business during the month. Carlos Perez Delivery Service Work Sheet (Partial) For Month Ended January 31, 20-- Income Statement Balance Sheet Account Title Debit Credit Debit Credit Cash 11,000 Accounts Receivable 1,500 Supplies 1,200 Prepaid Insurance 800 Delivery Equipment 5,000 Accum. Depr.-Delivery Equip. 400 Accounts Payable 900 Wages Payable 1,400 Carlos Perez, Capital 15,600 Carlos Perez, Drawing 1,500 Delivery Fees Wages Expense 6,400 680 Rent Expense 1,100 Supplies Expense 220 Telephone Expense 175 Electricity Expense 320 550 Insurance Expense Previous Next
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