From these journal entries, prepare an Income Statement and a Balance Sheet Account Title Cash Common Stock Debit Credit 30,000 30,000 Equipment 12,000 Cash 12,000 Supplies 5,000 5,000 Accounts Payable Cash 6,000 Service Revenue 6,000 4,000 Rent Expense Cash 4,000 Rent Expense 9,000 Prepaid Rent 9,000 Supplies Expense 2,700 Supplies 2,700 Cash 18,000 Unearned Revenue 18,000 Unearned Revenue 6,000 Revenue 6,000 5,000 Depr. Expense 5,000 Accum. Depr. Exp 97,700 Totals 97,700